James Investment Research Inc. reduced its position in Dillard’s, Inc. (NYSE:DDS) by 37.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,101 shares of the company’s stock after selling 7,699 shares during the period. James Investment Research Inc.’s holdings in Dillard’s were worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of DDS. Investors Research Corp acquired a new position in Dillard’s during the first quarter valued at $79,000. Quantamental Technologies LLC bought a new stake in Dillard’s during the 4th quarter valued at approximately $96,000. Advisors Asset Management Inc. boosted its stake in Dillard’s by 172.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,837 shares of the company’s stock valued at $140,000 after purchasing an additional 1,162 shares during the period. GSA Capital Partners LLP bought a new stake in Dillard’s during the 3rd quarter valued at approximately $206,000. Finally, SG Americas Securities LLC boosted its stake in Dillard’s by 28.8% during the 4th quarter. SG Americas Securities LLC now owns 3,390 shares of the company’s stock valued at $204,000 after purchasing an additional 758 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.
In related news, Director Robert C. Connor purchased 800 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $56.86 per share, for a total transaction of $45,488.00. Following the completion of the purchase, the director now owns 70,200 shares in the company, valued at approximately $3,991,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mike Litchford sold 1,060 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $73.81, for a total value of $78,238.60. Following the sale, the vice president now owns 1,932 shares of the company’s stock, valued at $142,600.92. The disclosure for this sale can be found here. 20.10% of the stock is currently owned by insiders.
A number of equities analysts have recently issued reports on the company. TheStreet raised Dillard’s from a “c+” rating to a “b” rating in a report on Wednesday, February 27th. Zacks Investment Research raised Dillard’s from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday, April 23rd. Wedbush set a $65.00 target price on Dillard’s and gave the company a “positive” rating in a research note on Wednesday, February 20th. Deutsche Bank lowered their target price on Dillard’s from $56.00 to $53.00 and set a “sell” rating for the company in a research note on Thursday, May 16th. Finally, ValuEngine cut Dillard’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Sell” and a consensus price target of $61.14.
Shares of NYSE:DDS traded down $1.26 during midday trading on Wednesday, hitting $56.72. The company had a trading volume of 326,942 shares, compared to its average volume of 404,429. Dillard’s, Inc. has a 12 month low of $55.01 and a 12 month high of $98.75. The company has a quick ratio of 0.26, a current ratio of 1.78 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.52 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.03 and a beta of 0.88.
Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $2.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.11). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 9.67% and a net margin of 2.62%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.89 earnings per share. As a group, equities research analysts expect that Dillard’s, Inc. will post 5.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, June 28th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, June 27th. Dillard’s’s dividend payout ratio is currently 6.54%.
Dillard’s Company Profile
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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