NewEdge Advisors LLC Purchases 1,119 Shares of Dillard’s, Inc. $DDS

NewEdge Advisors LLC lifted its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 480.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,352 shares of the company’s stock after buying an additional 1,119 shares during the period. NewEdge Advisors LLC’s holdings in Dillard’s were worth $774,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DDS. Royal Bank of Canada raised 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 valued at $1,257,000 after purchasing an additional 2,680 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after acquiring an additional 73 shares during the last quarter. Millennium Management LLC grew its stake in Dillard’s by 18.3% during the first quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after purchasing an additional 6,913 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after buying an additional 28,468 shares during the period. Finally, Jane Street Group LLC bought a new stake in Dillard’s in the first quarter valued at $3,746,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the transaction, the director directly owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 34.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DDS shares. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings downgraded Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. boosted their target price on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research note on Monday. Finally, UBS Group upped their price target on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research note on Monday. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Dillard’s presently has a consensus rating of “Reduce” and an average target price of $545.67.

Dillard’s Stock Up 5.3%

DDS opened at $615.84 on Thursday. The stock has a market cap of $9.62 billion, a PE ratio of 14.11 and a beta of 1.15. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. Dillard’s, Inc. has a 52 week low of $495.00 and a 52 week high of $741.97. The business’s fifty day simple moving average is $571.88 and its 200 day simple moving average is $586.83.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $1.96. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. As a group, research analysts expect that Dillard’s, Inc. will post 35.98 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Tuesday, June 30th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio is currently 2.75%.

Dillard’s 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.