Quantbot Technologies LP Has $4.80 Million Stake in Dillard’s, Inc. $DDS

Quantbot Technologies LP cut its position in shares of Dillard’s, Inc. (NYSE:DDS) by 58.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,812 shares of the company’s stock after selling 10,812 shares during the quarter. Quantbot Technologies LP’s holdings in Dillard’s were worth $4,800,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the period. CoreCap Advisors LLC bought a new stake in Dillard’s in the third quarter valued at $52,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Dillard’s in the second quarter valued at $55,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Dillard’s by 100.0% during the second quarter. Tower Research Capital LLC TRC now owns 170 shares of the company’s stock valued at $71,000 after purchasing an additional 85 shares during the period. Institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Performance

NYSE DDS opened at $604.62 on Monday. Dillard’s, Inc. has a 52-week low of $282.24 and a 52-week high of $741.97. The company has a 50-day simple moving average of $640.77 and a 200 day simple moving average of $618.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65. The company has a market capitalization of $9.46 billion, a PE ratio of 16.61 and a beta of 1.30.

Dillard’s (NYSE:DDS) last released its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $3.07. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the business posted $13.48 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Dillard’s’s dividend payout ratio is presently 3.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DDS. JPMorgan Chase & Co. dropped their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. UBS Group boosted their price objective on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Telsey Advisory Group reduced their price target on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $519.67.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.