Squarepoint Ops LLC Has $17.75 Million Stock Position in Dillard’s, Inc. $DDS

Squarepoint Ops LLC raised its position in Dillard’s, Inc. (NYSE:DDS) by 101.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,581 shares of the company’s stock after acquiring an additional 16,901 shares during the period. Squarepoint Ops LLC’s holdings in Dillard’s were worth $17,745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nykredit A S bought a new stake in shares of Dillard’s during the second quarter worth about $26,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Dillard’s in the 2nd quarter valued at about $479,000. California State Teachers Retirement System boosted its stake in Dillard’s by 41,908.2% during the 2nd quarter. California State Teachers Retirement System now owns 1,739,559 shares of the company’s stock valued at $919,218,000 after purchasing an additional 1,735,418 shares during the last quarter. Headlands Technologies LLC acquired a new position in Dillard’s during the 2nd quarter valued at about $217,000. Finally, Wellington Management Group LLP bought a new stake in Dillard’s during the 2nd quarter worth approximately $1,726,000. Institutional investors own 67.15% of the company’s stock.

Dillard’s Price Performance

NYSE DDS opened at $626.10 on Thursday. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.78 billion, a PE ratio of 14.34 and a beta of 1.15. Dillard’s, Inc. has a 52 week low of $503.06 and a 52 week high of $741.97. The firm’s 50-day simple moving average is $592.10 and its two-hundred day simple moving average is $585.55.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping analysts’ consensus estimates of $4.29 by $1.96. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. Research analysts predict that Dillard’s, Inc. will post 35.5 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on shares of Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings downgraded shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, UBS Group increased their price objective on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research note on Monday, August 17th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Dillard’s has a consensus rating of “Reduce” and a consensus price target of $545.67.

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.