Engineers Gate Manager LP acquired a new stake in shares of Dillard’s, Inc. (NYSE:DDS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,398 shares of the company’s stock, valued at approximately $254,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new stake in shares of Dillard’s during the second quarter valued at approximately $618,000. Aristotle Fund L.P. acquired a new stake in shares of Dillard’s during the second quarter worth approximately $4,558,000. Segantii Capital Management Ltd acquired a new stake in shares of Dillard’s during the first quarter worth approximately $125,000. Royce & Associates LP grew its position in shares of Dillard’s by 41.8% during the second quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock worth $8,047,000 after buying an additional 41,098 shares in the last quarter. Finally, Ray Gerald L & Associates Ltd. acquired a new stake in shares of Dillard’s during the second quarter worth approximately $363,000. Institutional investors own 94.46% of the company’s stock.
In other news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction that occurred on 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 directly owns 8,200 shares in the company, valued at $494,460. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.63% of the company’s stock.
DDS has been the subject of a number of recent analyst reports. BidaskClub raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. J P Morgan Chase & Co reissued 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. Deutsche Bank AG raised their price target on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Finally, TheStreet raised shares of Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.00.
Dillard’s, Inc. (NYSE:DDS) opened at 59.13 on Tuesday. The firm has a market cap of $1.72 billion, a P/E ratio of 14.65 and a beta of 1.12. Dillard’s, Inc. has a 12-month low of $45.51 and a 12-month high of $83.44. The firm has a 50-day moving average of $62.00 and a 200-day moving average of $56.32.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Dillard’s, Inc. will post $3.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.68%. Dillard’s’s payout ratio is currently 7.12%.
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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