Illinois Municipal Retirement Fund Acquires 3,794 Shares of Dillard’s, Inc. $DDS

Illinois Municipal Retirement Fund increased its stake in Dillard’s, Inc. (NYSE:DDS) by 74.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,903 shares of the company’s stock after buying an additional 3,794 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Dillard’s worth $3,720,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DDS. PNC Financial Services Group Inc. raised its stake in shares of Dillard’s by 62.3% during the first quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $35,000 after acquiring an additional 38 shares in the last quarter. GAMMA Investing LLC increased its holdings in Dillard’s by 220.7% during the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock worth $39,000 after purchasing an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dillard’s by 110.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Dillard’s by 186.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 229 shares of the company’s stock worth $82,000 after buying an additional 149 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Dillard’s by 51.3% during the first quarter. Acadian Asset Management LLC now owns 283 shares of the company’s stock valued at $101,000 after buying an additional 96 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Insider Transactions at Dillard’s

In other Dillard’s news, Director J C. Watts, Jr. sold 750 shares of Dillard’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total value of $445,950.00. Following the sale, the director owned 10,250 shares in the company, valued at $6,094,650. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 34.80% of the stock is currently owned by company insiders.

Dillard’s Stock Down 0.4%

DDS opened at $606.46 on Thursday. The company has a market cap of $9.48 billion, a PE ratio of 16.73 and a beta of 1.15. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $637.73. The company has a 50-day moving average price of $601.33 and a 200 day moving average price of $496.34. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.87. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Dillard’s had a net margin of 8.87% and a return on equity of 30.55%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $11.09 earnings per share. Sell-side analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Dillard’s’s previous quarterly dividend of $0.25. Dillard’s’s payout ratio is 3.31%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DDS. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research report on Monday, July 28th. Finally, UBS Group lifted their price target on shares of Dillard’s from $175.00 to $184.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $397.33.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.