LS Investment Advisors LLC Acquires 281 Shares of Dillard's, Inc. (NYSE:DDS)
LS Investment Advisors LLC raised its position in shares of Dillard's, Inc. (NYSE:DDS) by 16.4% during the second quarter, Holdings Channel reports. The fund owned 1,995 shares of the company’s stock after buying an additional 281 shares during the period. LS Investment Advisors LLC’s holdings in Dillard's were worth $115,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Guggenheim Capital LLC acquired a new stake in shares of Dillard's during the fourth quarter worth about $319,000. Teachers Advisors LLC increased its stake in shares of Dillard's by 56.6% in the fourth quarter. Teachers Advisors LLC now owns 35,799 shares of the company’s stock worth $2,244,000 after buying an additional 12,932 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Dillard's by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock worth $215,000 after buying an additional 708 shares during the last quarter. Capstone Asset Management Co. acquired a new stake in shares of Dillard's during the first quarter worth about $394,000. Finally, Merriman Wealth Management LLC acquired a new stake in shares of Dillard's during the first quarter worth about $876,000. 93.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Dillard's, Inc. (NYSE:DDS) traded down 5.98% during mid-day trading on Friday, reaching $58.01. 2,862,956 shares of the company’s stock traded hands. The company’s 50 day moving average is $64.28 and its 200 day moving average is $55.96. Dillard's, Inc. has a 12-month low of $45.51 and a 12-month high of $83.44. The company has a market cap of $1.69 billion, a P/E ratio of 14.37 and a beta of 1.12.
Dillard's (NYSE:DDS) last announced its earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.77. Dillard's had a negative net margin of 1.17% and a negative return on equity of 4.17%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts predict that Dillard's, Inc. will post $4.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. Dillard's’s payout ratio is presently 7.12%.
DDS has been the subject of a number of recent research reports. Deutsche Bank AG cut their price objective on shares of Dillard's from $41.00 to $39.00 and set a “sell” rating for the company 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 downgraded shares of Dillard's from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. BidaskClub downgraded shares of Dillard's from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, TheStreet raised shares of Dillard's from a “c” rating to a “b-” rating in a research report on Tuesday. Three 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. Dillard's currently has a consensus rating of “Hold” and an average price target of $55.86.
In related news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.27% of the company’s stock.
Dillard's Company Profile
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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