Sterling Capital Management LLC Purchases Shares of 17,466 Dillard’s, Inc. (DDS)
Sterling Capital Management LLC purchased a new stake in Dillard’s, Inc. (NYSE:DDS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,466 shares of the company’s stock, valued at approximately $1,008,000. Sterling Capital Management LLC owned about 0.06% of Dillard’s at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new stake in Dillard’s in the 2nd quarter valued at $618,000. Royce & Associates LP raised its position in Dillard’s by 41.8% in the 2nd quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock valued at $8,047,000 after purchasing an additional 41,098 shares during the last quarter. Commonwealth Bank of Australia raised its position in Dillard’s by 31.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 14,154 shares of the company’s stock valued at $816,000 after purchasing an additional 3,400 shares during the last quarter. Aristotle Fund L.P. purchased a new stake in Dillard’s in the 2nd quarter valued at $4,558,000. Finally, Ray Gerald L & Associates Ltd. purchased a new stake in Dillard’s in the 2nd quarter valued at $363,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the sale, the director now directly 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. 23.27% of the stock is currently owned by insiders.
Dillard’s, Inc. (NYSE DDS) opened at 53.81 on Monday. The firm has a market capitalization of $1.56 billion, a PE ratio of 13.33 and a beta of 1.12. The stock’s 50 day moving average is $55.59 and its 200-day moving average is $56.78. Dillard’s, Inc. has a 1-year low of $45.51 and a 1-year high of $83.44.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.77). Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Dillard’s’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Dillard’s, Inc. will post $3.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 0.74%. Dillard’s’s payout ratio is 10.18%.
Several analysts recently commented on the stock. BidaskClub downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. J P Morgan Chase & Co restated an “underweight” rating and set a $36.00 price objective (down previously from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Deutsche Bank AG upped their price objective on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of Dillard’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $52.60.
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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