Macquarie Group Ltd. purchased a new stake in shares of Dillard’s (NYSE:DDS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,500 shares of the company’s stock, valued at approximately $210,000.
Several other hedge funds have also recently bought and sold shares of DDS. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Dillard’s during the 4th quarter valued at approximately $174,000. MANA Advisors LLC acquired a new stake in shares of Dillard’s during the 4th quarter valued at approximately $200,000. OxFORD Asset Management LLP acquired a new stake in shares of Dillard’s during the 3rd quarter valued at approximately $275,000. Two Sigma Securities LLC acquired a new stake in shares of Dillard’s during the 4th quarter valued at approximately $284,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Dillard’s during the 4th quarter valued at approximately $293,000. 90.76% of the stock is currently owned by institutional investors and hedge funds.
In other Dillard’s news, Director James I. Freeman sold 8,357 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $84.05, for a total value of $702,405.85. Following the sale, the director now directly owns 270,224 shares of the company’s stock, valued at $22,712,327.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.10% of the stock is owned by company insiders.
Shares of NYSE DDS opened at $75.49 on Tuesday. Dillard’s has a 1-year low of $45.51 and a 1-year high of $88.51. The company has a current ratio of 1.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2,177.03, a price-to-earnings ratio of 15.73 and a beta of 1.08.
Dillard’s (NYSE:DDS) last issued its earnings results on Tuesday, February 27th. The company reported $2.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $1.00. Dillard’s had a return on equity of 8.57% and a net margin of 3.45%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts anticipate that Dillard’s will post 5.82 EPS for the current fiscal year.
Dillard’s announced that its Board of Directors has authorized a stock buyback program on Thursday, March 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Friday, March 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, March 28th. Dillard’s’s dividend payout ratio is presently 8.33%.
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Dillard's, Inc operates as fashion apparel, cosmetics, and home furnishing retailer in the United States. It operates through two segments, Retail Operations and Construction. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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