Allianz Asset Management GmbH Purchases 883 Shares of Dillard’s, Inc. $DDS

Allianz Asset Management GmbH lifted its position in Dillard’s, Inc. (NYSE:DDS) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,547 shares of the company’s stock after buying an additional 883 shares during the quarter. Allianz Asset Management GmbH owned about 1.14% of Dillard’s worth $74,602,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DDS. Ritholtz Wealth Management raised its holdings in shares of Dillard’s by 49.0% during the 2nd quarter. Ritholtz Wealth Management now owns 4,546 shares of the company’s stock valued at $1,900,000 after purchasing an additional 1,495 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Dillard’s by 38.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,450 shares of the company’s stock valued at $606,000 after purchasing an additional 403 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Dillard’s during the 2nd quarter valued at $5,919,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Dillard’s by 22.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,285 shares of the company’s stock valued at $537,000 after purchasing an additional 232 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Dillard’s by 217.8% during the 2nd quarter. Inspire Investing LLC now owns 3,048 shares of the company’s stock valued at $1,274,000 after purchasing an additional 2,089 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analysts Set New Price Targets

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 Saturday, August 30th. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Telsey Advisory Group boosted their target price on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a report on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on Dillard’s from $368.00 to $458.00 and gave the stock an “underweight” rating in a report on Monday, July 28th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $394.33.

Dillard’s Stock Down 0.8%

Shares of DDS stock opened at $596.27 on Friday. Dillard’s, Inc. has a 12 month low of $282.24 and a 12 month high of $637.73. The firm has a market cap of $9.33 billion, a PE ratio of 16.44 and a beta of 1.09. The stock has a 50 day moving average of $568.63 and a 200-day moving average of $456.94. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.87. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $11.09 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Dillard’s’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. Dillard’s’s dividend payout ratio is presently 3.31%.

Dillard’s Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.