State Street Corp Grows Position in Dillard’s, Inc. (DDS)
State Street Corp increased its holdings in Dillard’s, Inc. (NYSE:DDS) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,724 shares of the company’s stock after purchasing an additional 68,006 shares during the quarter. State Street Corp owned 2.75% of Dillard’s worth $46,201,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. QS Investors LLC raised its holdings in shares of Dillard’s by 0.7% during the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after acquiring an additional 12 shares during the period. LS Investment Advisors LLC raised its holdings in shares of 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 acquiring an additional 281 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Dillard’s by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after acquiring an additional 325 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of Dillard’s during the second quarter valued at approximately $225,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Dillard’s during the second quarter valued at approximately $254,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the transaction, the director now owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 23.27% of the stock is currently owned by corporate insiders.
DDS has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Monday, July 17th. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG boosted their price target on shares of Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Dillard’s from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. Three equities 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 company’s stock. Dillard’s currently has a consensus rating of “Hold” and a consensus target price of $52.60.
Dillard’s, Inc. (NYSE:DDS) opened at $51.53 on Friday. The company has a market cap of $1,495.45, a price-to-earnings ratio of 12.69, a P/E/G ratio of 6.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.21 and a current ratio of 1.57.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.77). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. equities research analysts expect that Dillard’s, Inc. will post 3.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Friday, September 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, September 28th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s dividend payout ratio is currently 10.18%.
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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