Dillard’s, Inc. $DDS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in Dillard’s, Inc. (NYSE:DDS) by 54.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,312 shares of the company’s stock after selling 3,896 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Dillard’s were worth $1,910,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of DDS. Rockefeller Capital Management L.P. raised its holdings in shares of Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after buying an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Dillard’s in the 4th quarter worth approximately $29,000. Quarry LP bought a new position in Dillard’s in the 3rd quarter worth approximately $33,000. Global Retirement Partners LLC increased its position in Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Insider Activity

In related news, Director J C. Watts, Jr. sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 in the company, valued at approximately $6,183,177. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.80% of the stock is owned by corporate insiders.

Dillard’s Stock Up 1.4%

Shares of Dillard’s stock opened at $568.95 on Friday. Dillard’s, Inc. has a 12-month low of $449.64 and a 12-month high of $741.97. The firm has a market capitalization of $8.89 billion, a PE ratio of 13.53 and a beta of 1.15. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $563.04 and its 200-day moving average is $593.31.

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

Dillard’s Dividend Announcement

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. The ex-dividend date is Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s payout ratio is currently 2.85%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DDS shares. Weiss Ratings downgraded Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Finally, UBS Group lifted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Dillard’s has an average rating of “Hold” and an average target price of $521.33.

About Dillard’s

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.