Entropy Technologies LP decreased its holdings in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) by 83.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 395 shares of the company’s stock after selling 2,038 shares during the period. Entropy Technologies LP’s holdings in Dillard’s were worth $226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Dillard’s by 18.7% during the 1st quarter. Renaissance Technologies LLC now owns 142,180 shares of the company’s stock valued at $81,343,000 after acquiring an additional 22,400 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Dillard’s by 1,331.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 40,715 shares of the company’s stock worth $23,293,000 after acquiring an additional 37,871 shares during the period. Inceptionr LLC purchased a new position in shares of Dillard’s in the 1st quarter valued at approximately $675,000. Walleye Capital LLC grew its stake in shares of Dillard’s by 38.6% in the 1st quarter. Walleye Capital LLC now owns 11,008 shares of the company’s stock valued at $6,298,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Dillard’s by 52.6% in the first quarter. Cetera Investment Advisers now owns 609 shares of the company’s stock valued at $349,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on DDS shares. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group boosted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $521.33.
Dillard’s Price Performance
Shares of NYSE:DDS opened at $589.85 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 company has a market cap of $9.21 billion, a P/E ratio of 14.02 and a beta of 1.15. Dillard’s, Inc. has a 52 week low of $449.64 and a 52 week high of $741.97. The company has a 50-day moving average price of $567.64 and a 200 day moving average price of $590.66.
Dillard’s (NYSE:DDS – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company earned $10.39 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that Dillard’s, Inc. will post 35.26 earnings per share for the current year.
Dillard’s Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.
Insider Activity at Dillard’s
In related news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the sale, the director directly owned 10,150 shares in the company, valued at $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 34.80% of the stock is owned by corporate insiders.
Dillard’s Company 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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