Inceptionr LLC acquired a new stake in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund acquired 1,180 shares of the company’s stock, valued at approximately $675,000.
Several other large investors have also recently made changes to their positions in DDS. Rockefeller Capital Management L.P. increased its stake in Dillard’s by 108.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after acquiring an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in Dillard’s during the fourth quarter valued at $29,000. Quarry LP bought a new position in Dillard’s during the third quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its position in Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after buying an additional 63 shares in the last quarter. 67.15% of the stock is owned by institutional investors.
Dillard’s Stock Performance
DDS stock opened at $568.95 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $563.04 and its two-hundred day simple moving average is $593.31. Dillard’s, Inc. has a twelve month low of $449.64 and a twelve month high of $741.97. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 13.53 and a beta of 1.15.
Dillard’s Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is presently 2.85%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on DDS. Wall Street Zen downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, July 20th. UBS Group increased their price target on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a report on Wednesday, May 6th. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $521.33.
Read Our Latest Research Report on Dillard’s
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 dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 34.80% of the stock is owned by insiders.
Dillard’s 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.
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