Bank of America Corp DE lessened its stake in Dillard’s, Inc. (NYSE:DDS) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,338 shares of the company’s stock after selling 6,732 shares during the quarter. Bank of America Corp DE owned about 0.44% of Dillard’s worth $7,059,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its position in Dillard’s by 153.5% in the 2nd quarter. Signaturefd LLC now owns 431 shares of the company’s stock valued at $27,000 after acquiring an additional 261 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Dillard’s in the 1st quarter valued at about $86,000. Xact Kapitalforvaltning AB acquired a new stake in Dillard’s in the 1st quarter valued at about $216,000. Bank of Montreal Can increased its position in Dillard’s by 21.0% in the 2nd quarter. Bank of Montreal Can now owns 5,169 shares of the company’s stock valued at $321,000 after acquiring an additional 896 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in Dillard’s in the 2nd quarter valued at about $338,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.
In related news, VP Tony J. Bolte sold 2,400 shares of Dillard’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.46, for a total transaction of $154,704.00. Following the transaction, the vice president now owns 1,840 shares of the company’s stock, valued at approximately $118,606.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.10% of the stock is owned by company insiders.
DDS has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Dillard’s from $54.00 to $37.00 and set an “underweight” rating for the company in a research report on Friday, August 16th. Deutsche Bank lowered their price target on shares of Dillard’s from $49.00 to $36.00 and set a “sell” rating for the company in a research report on Monday, August 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $58.00 price target (down previously from $65.00) on shares of Dillard’s in a research report on Friday, August 16th. Wedbush reiterated a “neutral” rating and set a $56.00 price target (down previously from $62.00) on shares of Dillard’s in a research report on Wednesday, August 14th. Finally, ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $54.33.
Shares of NYSE:DDS opened at $72.03 on Friday. Dillard’s, Inc. has a one year low of $47.95 and a one year high of $86.71. The company has a 50 day moving average of $62.38 and a 200-day moving average of $64.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.86 and a quick ratio of 0.26. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 11.77 and a beta of 1.13.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($1.74) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.97). Dillard’s had a return on equity of 7.23% and a net margin of 2.04%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Dillard’s, Inc. will post 3.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.83%. Dillard’s’s dividend payout ratio (DPR) is presently 9.80%.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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