Quantinno Capital Management LP raised its stake in Dillard’s, Inc. (NYSE:DDS – Free Report) by 39.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,966 shares of the company’s stock after acquiring an additional 1,415 shares during the period. Quantinno Capital Management LP’s holdings in Dillard’s were worth $2,841,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Dillard’s by 28,394.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock worth $137,354,000 after buying an additional 225,734 shares during the last quarter. Norges Bank bought a new position in shares of Dillard’s during the fourth quarter worth about $36,598,000. Balyasny Asset Management L.P. bought a new position in shares of Dillard’s during the third quarter worth about $31,813,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Dillard’s by 1,331.6% in 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. Finally, Man Group plc increased its holdings in shares of Dillard’s by 464.3% in the 3rd quarter. Man Group plc now owns 38,806 shares of the company’s stock worth $23,846,000 after acquiring an additional 31,929 shares during the period. 67.15% of the stock is owned by institutional investors.
Insider Transactions at Dillard’s
In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the transaction, the director directly owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 34.80% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Dillard’s
Dillard’s Stock Up 0.2%
Dillard’s stock opened at $613.55 on Monday. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 14.59 and a beta of 1.15. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $570.54 and its two-hundred day moving average price is $588.14. Dillard’s, Inc. has a 52 week low of $456.69 and a 52 week high of $741.97.
Dillard’s (NYSE:DDS – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $10.39 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.
Dillard’s Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 30th. Dillard’s’s dividend payout ratio is 2.85%.
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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