Twin Capital Management Inc. Takes Position in Dillard’s, Inc. $DDS

Twin Capital Management Inc. bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the 1st quarter, HoldingsChannel reports. The fund bought 1,658 shares of the company’s stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its stake in Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after acquiring an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Dillard’s in the fourth quarter valued at about $29,000. Quarry LP bought a new position in shares of Dillard’s during the third quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Price Performance

Shares of NYSE:DDS opened at $544.96 on Friday. The firm has a market capitalization of $8.51 billion, a PE ratio of 12.96 and a beta of 1.15. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $560.46 and a two-hundred day moving average price of $595.37. Dillard’s, Inc. has a twelve month low of $440.51 and a twelve month high of $741.97.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. Dillard’s’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $10.39 EPS. Equities analysts forecast that Dillard’s, Inc. will post 35.26 EPS for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th 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, June 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DDS shares. UBS Group boosted their target price on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Dillard’s has an average rating of “Hold” and a consensus price target of $521.33.

Insider Activity at Dillard’s

In other news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the transaction, the director directly owned 10,150 shares in the company, valued at approximately $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.80% of the stock is owned by insiders.

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.