Precision Wealth Strategies LLC Purchases New Stake in Dillard’s, Inc. $DDS

Precision Wealth Strategies LLC purchased a new stake in Dillard’s, Inc. (NYSE:DDS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,327 shares of the company’s stock, valued at approximately $805,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its position in Dillard’s by 322.9% in the first quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after acquiring an additional 2,680 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after acquiring an additional 73 shares during the period. Millennium Management LLC grew its position in Dillard’s by 18.3% in the first quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after acquiring an additional 6,913 shares during the period. Goldman Sachs Group Inc. grew its position in Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after acquiring an additional 28,468 shares during the period. Finally, Jane Street Group LLC purchased a new position in Dillard’s in the first quarter worth approximately $3,746,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DDS. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Finally, Telsey Advisory Group lowered their price target on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dillard’s has an average rating of “Reduce” and an average target price of $519.67.

Dillard’s Trading Up 1.8%

Shares of DDS traded up $10.21 during midday trading on Thursday, hitting $572.29. 10,806 shares of the stock were exchanged, compared to its average volume of 125,990. Dillard’s, Inc. has a 52-week low of $343.12 and a 52-week high of $741.97. The stock has a fifty day simple moving average of $594.86 and a 200 day simple moving average of $623.50. The firm has a market cap of $8.94 billion, a P/E ratio of 15.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65.

Dillard’s (NYSE:DDS) last released its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.98 by $3.07. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.03 billion. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.Dillard’s’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $13.48 earnings per share. On average, research analysts anticipate that Dillard’s, Inc. will post 32.52 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Tuesday, March 31st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 3.30%.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.