New York State Common Retirement Fund Decreases Position in Dillard’s, Inc. (DDS)
New York State Common Retirement Fund trimmed its position in shares of Dillard’s, Inc. (NYSE:DDS) by 58.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the company’s stock after selling 23,001 shares during the period. New York State Common Retirement Fund owned about 0.06% of Dillard’s worth $935,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parametrica Management Ltd purchased a new position in shares of Dillard’s during the 2nd quarter valued at about $618,000. Royce & Associates LP raised its holdings in shares of Dillard’s by 41.8% during the 2nd 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 in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Dillard’s by 31.6% during the 2nd 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 in the last quarter. Aristotle Fund L.P. purchased a new position in shares of Dillard’s during the 2nd quarter valued at about $4,558,000. Finally, Ray Gerald L & Associates Ltd. purchased a new position in shares of Dillard’s during the 2nd quarter valued at about $363,000. 93.12% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the company. Deutsche Bank AG raised their price objective on Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, August 8th. BidaskClub raised Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co reissued an “underweight” rating and set a $36.00 price objective (down from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $52.60.
Dillard’s, Inc. (NYSE DDS) opened at $51.53 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.21. The company has a market capitalization of $1,495.45, a P/E ratio of 12.69, a P/E/G ratio of 6.04 and a beta of 1.16.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.77). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. Dillard’s’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. analysts predict that Dillard’s, Inc. will post 3.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Friday, September 29th were paid a $0.10 dividend. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, September 28th. Dillard’s’s payout ratio is 10.18%.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of Dillard’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total value of $27,135.00. Following the transaction, the director now directly owns 8,200 shares of the company’s stock, valued at approximately $494,460. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.27% of the stock is owned by 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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