Quantitative Investment Management LLC acquired a new position in Dillard's, Inc. (NYSE:DDS – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 992 shares of the company's stock, valued at approximately $266,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. lifted its holdings in Dillard's by 5.1% in the 1st quarter. BlackRock Inc. now owns 420,256 shares of the company's stock worth $112,794,000 after buying an additional 20,327 shares during the period. Marshall Wace LLP lifted its stake in shares of Dillard's by 181.2% in the 4th quarter. Marshall Wace LLP now owns 276,433 shares of the company's stock valued at $67,732,000 after purchasing an additional 178,137 shares during the period. American Century Companies Inc. lifted its stake in shares of Dillard's by 75.5% in the 1st quarter. American Century Companies Inc. now owns 111,022 shares of the company's stock valued at $29,797,000 after purchasing an additional 47,775 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Dillard's by 17.8% in the 1st quarter. JPMorgan Chase & Co. now owns 69,804 shares of the company's stock valued at $18,735,000 after purchasing an additional 10,535 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Dillard's by 35.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 60,508 shares of the company's stock valued at $15,189,000 after purchasing an additional 15,684 shares during the period. Hedge funds and other institutional investors own 59.27% of the company's stock.
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Analyst Upgrades and Downgrades
A number of research firms have recently commented on DDS. Telsey Advisory Group raised their target price on Dillard's from $325.00 to $350.00 and gave the company a "market perform" rating in a research note on Friday, August 12th. UBS Group raised their target price on Dillard's to $185.00 and gave the company a "na" rating in a research note on Wednesday, May 18th. StockNews.com cut Dillard's from a "buy" rating to a "hold" rating in a research note on Friday. Bank of America lowered their price objective on Dillard's from $215.00 to $150.00 and set an "underperform" rating for the company in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. upgraded Dillard's from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $210.00 to $298.00 in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $245.75.
Dillard's Stock Up 3.6 %
Shares of NYSE:DDS opened at $314.06 on Monday. The stock has a fifty day simple moving average of $259.15 and a two-hundred day simple moving average of $274.61. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.59 and a beta of 0.73. Dillard's, Inc. has a 12-month low of $167.03 and a 12-month high of $416.71. The company has a current ratio of 2.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36.
Dillard's (NYSE:DDS – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported $9.30 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $6.42. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Dillard's had a return on equity of 60.87% and a net margin of 13.73%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $8.81 EPS. On average, research analysts anticipate that Dillard's, Inc. will post 36.23 earnings per share for the current fiscal year.
Dillard's Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, September 29th. Dillard's's payout ratio is 1.62%.
About Dillard's
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Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.
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