Corient Private Wealth LLC Raises Holdings in Dillard’s, Inc. $DDS

Corient Private Wealth LLC increased its position in Dillard’s, Inc. (NYSE:DDS) by 157.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,001 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Corient Private Wealth LLC’s holdings in Dillard’s were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dillard’s by 28,394.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock valued at $137,354,000 after purchasing an additional 225,734 shares during the period. Norges Bank purchased a new position in Dillard’s during the 4th quarter valued at about $36,598,000. Balyasny Asset Management L.P. bought a new stake in shares of Dillard’s during the third quarter valued at about $31,813,000. Man Group plc increased its position in shares of Dillard’s by 464.3% during the third quarter. Man Group plc now owns 38,806 shares of the company’s stock valued at $23,846,000 after buying an additional 31,929 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after buying an additional 28,468 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DDS shares. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. UBS Group increased their price objective on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dillard’s currently has an average rating of “Hold” and an average price target of $521.33.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction 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 directly owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 34.80% of the stock is owned by corporate insiders.

Dillard’s Stock Performance

NYSE:DDS opened at $540.36 on Thursday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 12.85 and a beta of 1.15. The business has a 50 day moving average of $572.74 and a 200 day moving average of $604.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20. Dillard’s, Inc. has a 1-year low of $424.86 and a 1-year high of $741.97.

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

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.85%.

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.