Verition Fund Management LLC Acquires 9,142 Shares of Dillard’s, Inc. (NYSE:DDS)

Verition Fund Management LLC lifted its holdings in Dillard’s, Inc. (NYSE:DDSFree Report) by 97.9% during the fourth quarter, HoldingsChannel reports. The firm owned 18,484 shares of the company’s stock after purchasing an additional 9,142 shares during the period. Verition Fund Management LLC’s holdings in Dillard’s were worth $7,461,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Covestor Ltd increased its stake in shares of Dillard’s by 352.9% in the third quarter. Covestor Ltd now owns 231 shares of the company’s stock worth $77,000 after purchasing an additional 180 shares during the period. Quest Partners LLC bought a new position in shares of Dillard’s in the fourth quarter worth about $150,000. DekaBank Deutsche Girozentrale increased its stake in shares of Dillard’s by 124.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 518 shares of the company’s stock worth $169,000 after purchasing an additional 287 shares during the period. Smart Money Group LLC bought a new position in Dillard’s during the fourth quarter valued at about $219,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Dillard’s during the fourth quarter valued at about $223,000. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Trading Down 1.7 %

Shares of DDS opened at $422.14 on Tuesday. Dillard’s, Inc. has a 12-month low of $286.39 and a 12-month high of $476.48. The company has a quick ratio of 1.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 9.59 and a beta of 0.92. The stock’s 50-day moving average price is $433.31 and its 200 day moving average price is $413.05.

Dillard’s (NYSE:DDSGet Free Report) last released its quarterly earnings data on Saturday, May 18th. The company reported $11.09 earnings per share for the quarter, beating analysts’ consensus estimates of $9.69 by $1.40. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a return on equity of 39.41% and a net margin of 10.68%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $11.85 earnings per share. As a group, research analysts predict that Dillard’s, Inc. will post 34.47 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, June 28th. Dillard’s’s payout ratio is 2.27%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DDS. Telsey Advisory Group boosted their price target on Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a research note on Friday, May 17th. UBS Group boosted their price target on Dillard’s from $180.00 to $190.00 and gave the company a “sell” rating in a research note on Tuesday, February 27th.

Check Out Our Latest Report on Dillard’s

About Dillard’s

(Free Report)

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.

Further Reading

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Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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