A.R.T. Advisors LLC acquired a new stake in Dillard’s, Inc. (NYSE:DDS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,900 shares of the company’s stock, valued at approximately $715,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Dillard’s in the fourth quarter valued at about $174,000. MANA Advisors LLC purchased a new position in Dillard’s during the fourth quarter worth about $200,000. GSA Capital Partners LLP purchased a new position in Dillard’s during the first quarter worth about $201,000. Macquarie Group Ltd. purchased a new position in Dillard’s during the fourth quarter worth about $210,000. Finally, ING Groep NV purchased a new position in Dillard’s during the first quarter worth about $251,000. 90.54% of the stock is owned by hedge funds and other institutional investors.
DDS has been the subject of several research analyst reports. Bank of America raised shares of Dillard’s from an “underperform” rating to a “buy” rating and increased their target price for the stock from $77.37 to $89.00 in a research note on Monday, May 21st. Zacks Investment Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. ValuEngine raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $60.00 target price on shares of Dillard’s in a research note on Thursday, June 7th. Finally, TheStreet lowered shares of Dillard’s from a “b” rating to a “c+” rating in a research note on Thursday, May 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.17.
In other news, Director James I. Freeman sold 9,731 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $93.07, for a total transaction of $905,664.17. Following the sale, the director now owns 181,624 shares of the company’s stock, valued at $16,903,745.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James I. Freeman sold 20,000 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $83.02, for a total transaction of $1,660,400.00. Following the sale, the director now directly owns 181,824 shares in the company, valued at approximately $15,095,028.48. The disclosure for this sale can be found here. Insiders have sold 130,226 shares of company stock worth $10,699,113 in the last three months. Corporate insiders own 19.10% of the company’s stock.
Shares of DDS opened at $96.79 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. Dillard’s, Inc. has a 1 year low of $49.91 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.21 and a current ratio of 1.60.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, May 17th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.77 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Dillard’s had a net margin of 3.65% and a return on equity of 9.45%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. analysts predict that Dillard’s, Inc. will post 6.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Friday, June 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Dillard’s’s dividend payout ratio is presently 8.33%.
Dillard’s announced that its Board of Directors has initiated a stock buyback program on Thursday, March 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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