CPC Advisors LLC Makes New Investment in Dillard’s, Inc. $DDS

CPC Advisors LLC bought a new position in Dillard’s, Inc. (NYSE:DDS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,387 shares of the company’s stock, valued at approximately $1,938,000.

A number of other large investors have also made changes to their positions in DDS. SG Americas Securities LLC boosted its stake in Dillard’s by 1,773.6% in the 1st quarter. SG Americas Securities LLC now owns 5,321 shares of the company’s stock worth $3,044,000 after purchasing an additional 5,037 shares during the period. Rockefeller Capital Management L.P. raised its stake in Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Corient Private Wealth LLC raised its stake in Dillard’s by 157.9% during the 4th quarter. Corient Private Wealth LLC now owns 2,001 shares of the company’s stock valued at $1,213,000 after purchasing an additional 1,225 shares during the period. Virtu Financial LLC lifted its holdings in shares of Dillard’s by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after purchasing an additional 17 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Dillard’s by 40.9% in the fourth quarter. Invesco Ltd. now owns 18,851 shares of the company’s stock valued at $11,430,000 after purchasing an additional 5,473 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Trading Up 0.1%

Dillard’s stock opened at $555.48 on Monday. The company’s fifty day simple moving average is $579.58 and its 200-day simple moving average is $612.36. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. Dillard’s, Inc. has a 12 month low of $397.03 and a 12 month high of $741.97. The stock has a market cap of $8.68 billion, a P/E ratio of 13.21 and a beta of 1.16.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm earned $10.39 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s payout ratio is currently 2.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DDS shares. UBS Group lifted their price target on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings raised Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $521.33.

Insider Activity

In related news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. The trade was a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 34.80% of the stock is currently owned by corporate insiders.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.