Parametric Portfolio Associates LLC decreased its holdings in Dillard’s, Inc. (NYSE:DDS) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193,580 shares of the company’s stock after selling 4,799 shares during the quarter. Parametric Portfolio Associates LLC owned 0.66% of Dillard’s worth $11,168,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. LS Investment Advisors LLC boosted its stake in Dillard’s by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after purchasing an additional 281 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Dillard’s by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after buying an additional 325 shares during the period. Advantus Capital Management Inc acquired a new stake in shares of Dillard’s during the 1st quarter valued at $169,000. Verity Asset Management Inc. acquired a new stake in shares of Dillard’s in the 2nd quarter valued at $225,000. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Dillard’s in the 1st quarter valued at $252,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Several equities research analysts recently issued reports on DDS shares. BidaskClub lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. J P Morgan Chase & Co restated an “underweight” rating and set a $36.00 price objective (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Dillard’s from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. Deutsche Bank AG boosted their price objective on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.60.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total transaction of $27,135.00. Following the completion of the transaction, the director now owns 8,200 shares of the company’s stock, valued at $494,460. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.27% of the company’s stock.
Dillard’s, Inc. (DDS) opened at 53.81 on Friday. Dillard’s, Inc. has a 52-week low of $45.51 and a 52-week high of $83.44. The firm has a 50-day moving average of $55.59 and a 200-day moving average of $56.78. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.33 and a beta of 1.12.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that Dillard’s, Inc. will post $3.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a $0.10 dividend. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. Dillard’s’s dividend payout ratio (DPR) is presently 10.18%.
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Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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