Dillard’s, Inc. (DDS) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its position in Dillard’s, Inc. (NYSE:DDS) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,774,012 shares of the company’s stock after purchasing an additional 30,568 shares during the quarter. Dimensional Fund Advisors LP owned about 6.08% of Dillard’s worth $102,346,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new stake in shares of Dillard’s in the second quarter worth $618,000. Royce & Associates LP boosted its stake in Dillard’s by 41.8% during the second quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock valued at $8,047,000 after buying an additional 41,098 shares during the period. Aristotle Fund L.P. bought a new stake in Dillard’s during the second quarter valued at $4,558,000. Commonwealth Bank of Australia boosted its stake in Dillard’s by 31.6% during the second quarter. Commonwealth Bank of Australia now owns 14,154 shares of the company’s stock valued at $816,000 after buying an additional 3,400 shares during the period. Finally, Segantii Capital Management Ltd purchased a new position in Dillard’s during the first quarter worth about $125,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director J C. Watts, Jr. sold 450 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total transaction of $27,135.00. Following the completion of the transaction, the director now owns 8,200 shares in the company, valued at $494,460. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.63% of the stock is currently owned by insiders.
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Dillard’s, Inc. (NYSE DDS) opened at 54.09 on Wednesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 13.40 and a beta of 1.12. Dillard’s, Inc. has a 12 month low of $45.51 and a 12 month high of $83.44. The company has a 50-day moving average of $57.68 and a 200 day moving average of $56.62.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. On average, equities research analysts anticipate that Dillard’s, Inc. will post $3.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s payout ratio is 10.18%.
DDS has been the topic of a number of research analyst reports. BidaskClub lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Deutsche Bank AG lifted their price target on Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.00.
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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