Dillard’s, Inc. (DDS) Shares Bought by Bank of Montreal Can
Bank of Montreal Can raised its position in shares of Dillard’s, Inc. (NYSE:DDS) by 8,488.0% during the second quarter, Holdings Channel reports. The fund owned 354,169 shares of the company’s stock after buying an additional 350,045 shares during the period. Bank of Montreal Can’s holdings in Dillard’s were worth $20,433,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in DDS. Segantii Capital Management Ltd acquired a new position in shares of Dillard’s during the first quarter worth about $125,000. Advantus Capital Management Inc purchased a new position in shares of Dillard’s during the first quarter worth $169,000. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Dillard’s during the first quarter worth $228,000. Profund Advisors LLC purchased a new position in shares of Dillard’s during the first quarter worth $236,000. Finally, Thrivent Financial For Lutherans purchased a new position in shares of Dillard’s during the first quarter worth $252,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s, Inc. (NYSE DDS) opened at 60.35 on Wednesday. The stock’s 50 day moving average is $55.02 and its 200-day moving average is $54.14. Dillard’s, Inc. has a 12 month low of $45.51 and a 12 month high of $77.70. The company has a market capitalization of $1.76 billion, a PE ratio of 12.68 and a beta of 1.07.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.10. The business had revenue of $1.42 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.17 earnings per share. On average, analysts expect that Dillard’s, Inc. will post $4.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, June 28th. Dillard’s’s dividend payout ratio is presently 5.76%.
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A number of equities analysts have recently weighed in on DDS shares. Deutsche Bank AG reduced their price target 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. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, BidaskClub cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $58.67.
In related news, major shareholder David Einhorn sold 35,125 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 26.63% of the stock is owned by corporate 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.
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