Meeder Asset Management Inc. cut its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 15.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,550 shares of the company’s stock after selling 1,794 shares during the quarter. Meeder Asset Management Inc.’s holdings in Dillard’s were worth $631,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GAM Holding AG purchased a new position in Dillard’s in the second quarter worth $875,000. Aperio Group LLC increased its position in shares of Dillard’s by 31.8% in the second quarter. Aperio Group LLC now owns 25,871 shares of the company’s stock valued at $1,611,000 after buying an additional 6,245 shares in the last quarter. Holocene Advisors LP increased its position in shares of Dillard’s by 88.9% in the second quarter. Holocene Advisors LP now owns 9,014 shares of the company’s stock valued at $561,000 after buying an additional 4,241 shares in the last quarter. Newport Trust Co increased its position in shares of Dillard’s by 1.1% in the second quarter. Newport Trust Co now owns 7,305,792 shares of the company’s stock valued at $455,005,000 after buying an additional 78,952 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Dillard’s in the second quarter valued at $524,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Dillard’s from $54.00 to $37.00 and set an “underweight” rating for the company in a research report on Friday, August 16th. Telsey Advisory Group reiterated a “market perform” rating and set a $58.00 price objective (down previously from $65.00) on shares of Dillard’s in a research report on Friday, August 16th. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Wedbush reiterated a “neutral” rating and set a $56.00 price objective (down previously from $62.00) on shares of Dillard’s in a research report on Wednesday, August 14th. Finally, Deutsche Bank dropped their price objective on Dillard’s from $49.00 to $36.00 and set a “sell” rating for the company in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.33.
In other news, Director H. Lee Hastings III sold 3,000 shares of Dillard’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $72.20, for a total value of $216,600.00. Following the transaction, the director now directly owns 14,312 shares of the company’s stock, valued at approximately $1,033,326.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.10% of the stock is currently owned by company insiders.
Shares of NYSE:DDS opened at $65.99 on Monday. The stock’s 50-day moving average price is $64.49 and its two-hundred day moving average price is $64.58. The company has a current ratio of 1.86, a quick ratio of 0.26 and a debt-to-equity ratio of 0.37. Dillard’s, Inc. has a 12-month low of $47.95 and a 12-month high of $86.71. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 10.78 and a beta of 1.13.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.97). Dillard’s had a return on equity of 7.23% and a net margin of 2.04%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted ($0.10) earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts forecast that Dillard’s, Inc. will post 3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 27th. Dillard’s’s dividend payout ratio (DPR) is presently 9.80%.
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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