Legal & General Group Plc Has $2.62 Million Stake in Dillard’s, Inc. (DDS)
Legal & General Group Plc raised its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,296 shares of the company’s stock after purchasing an additional 2,298 shares during the quarter. Legal & General Group Plc owned 0.16% of Dillard’s worth $2,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC lifted its position in Dillard’s by 16.4% during the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after purchasing an additional 281 shares during the last quarter. Segantii Capital Management Ltd bought a new stake in Dillard’s during the first quarter valued at approximately $125,000. Advantus Capital Management Inc bought a new stake in Dillard’s during the first quarter valued at approximately $169,000. Bank of Montreal Can lifted its position in Dillard’s by 20.7% during the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after purchasing an additional 708 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC bought a new stake in Dillard’s during the first quarter valued at approximately $228,000. Institutional investors and hedge funds own 94.46% of the company’s stock.
In other news, Director J C. Watts, Jr. sold 450 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was 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 directly owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.63% of the stock is currently owned by corporate insiders.
DDS has been the subject of several research analyst reports. TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. BidaskClub lowered shares of Dillard’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG lifted their target price on shares of Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a $36.00 target price (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.00.
Shares of Dillard’s, Inc. (DDS) opened at 56.54 on Wednesday. The firm’s 50-day moving average is $61.50 and its 200 day moving average is $56.34. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.01 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.
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). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.35 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that Dillard’s, Inc. will post $3.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.10 per share. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 28th. Dillard’s’s dividend payout ratio is currently 7.12%.
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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