Russell Investments Group Ltd. grew its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,837 shares of the company’s stock after buying an additional 577 shares during the period. Russell Investments Group Ltd.’s holdings in Dillard’s were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of DDS. Teachers Advisors LLC boosted its holdings in Dillard’s by 56.6% during the fourth quarter. Teachers Advisors LLC now owns 35,799 shares of the company’s stock worth $2,244,000 after buying an additional 12,932 shares during the last quarter. Bank of Montreal Can boosted its holdings in Dillard’s by 20.7% during the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock worth $215,000 after buying an additional 708 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Dillard’s during the first quarter worth about $334,000. Nationwide Fund Advisors boosted its holdings in Dillard’s by 771.0% during the first quarter. Nationwide Fund Advisors now owns 48,290 shares of the company’s stock worth $2,523,000 after buying an additional 42,746 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in Dillard’s during the first quarter worth about $236,000. Hedge funds and other institutional investors own 94.10% of the company’s stock.
Dillard’s, Inc. (DDS) traded up 0.54% during midday trading on Friday, hitting $59.41. The stock had a trading volume of 849,626 shares. Dillard’s, Inc. has a 52 week low of $45.51 and a 52 week high of $83.44. The company’s 50 day moving average price is $62.56 and its 200-day moving average price is $56.25. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 14.72 and a beta of 1.12.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts anticipate that Dillard’s, Inc. will post $3.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. Dillard’s’s dividend payout ratio is presently 7.12%.
A number of equities analysts have issued reports on the company. BidaskClub cut Dillard’s from a “buy” rating to a “hold” rating in a report on Friday, August 18th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Deutsche Bank AG raised their price target on Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.00.
In related news, Director J C. Watts, Jr. sold 450 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total transaction of $27,135.00. Following the sale, the director now owns 8,200 shares in the company, valued at approximately $494,460. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.27% of the stock is owned by corporate insiders.
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Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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