Several other hedge funds have also recently added to or reduced their stakes in DDS. Flossbach Von Storch AG boosted its position in Dillard’s by 54.8% in the first quarter. Flossbach Von Storch AG now owns 48,000 shares of the company’s stock worth $2,508,000 after buying an additional 17,000 shares during the period. Comerica Bank acquired a new position in Dillard’s during the first quarter worth approximately $1,091,000. BNP Paribas Arbitrage SA increased its position in Dillard’s by 64.4% in the first quarter. BNP Paribas Arbitrage SA now owns 14,113 shares of the company’s stock worth $737,000 after buying an additional 5,530 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Dillard’s by 76.0% in the first quarter. Bank of New York Mellon Corp now owns 888,285 shares of the company’s stock valued at $46,404,000 after buying an additional 383,505 shares during the period. Finally, Elkfork Partners LLC increased its stake in shares of Dillard’s by 49.6% in the first quarter. Elkfork Partners LLC now owns 67,716 shares of the company’s stock valued at $3,538,000 after buying an additional 22,462 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.
UBS Asset Management Americas Inc. boosted its position in shares of Dillard’s, Inc. (NYSE:DDS) by 36.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,120 shares of the company’s stock after buying an additional 6,166 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of Dillard’s worth $1,208,000 as of its most recent filing with the SEC.
Shares of Dillard’s, Inc. (DDS) traded down 4.64% during midday trading on Wednesday, reaching $73.09. 876,838 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.13 billion, a P/E ratio of 15.36 and a beta of 1.11. 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 $60.62 and a 200-day moving average of $55.18.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, May 11th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. Dillard’s’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $2.17 EPS. Analysts anticipate that Dillard’s, Inc. will post $4.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Dillard’s’s dividend payout ratio is currently 5.76%.
Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. BidaskClub raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Deutsche Bank AG cut their target price on shares of Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research report on Friday, May 12th. Finally, Zacks Investment Research upgraded shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.67.
In other news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.63% of the stock is currently owned by company insiders.
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.