Squarepoint Ops LLC Sells 8,941 Shares of Dillard’s, Inc. $DDS

Squarepoint Ops LLC lowered its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 83.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,812 shares of the company’s stock after selling 8,941 shares during the quarter. Squarepoint Ops LLC’s holdings in Dillard’s were worth $757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Dillard’s by 220.7% in the second quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 64 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Dillard’s in the 2nd quarter worth approximately $55,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Dillard’s by 100.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 170 shares of the company’s stock worth $71,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Trading Down 8.0%

NYSE:DDS opened at $610.66 on Tuesday. Dillard’s, Inc. has a 1-year low of $282.24 and a 1-year high of $741.97. The business’s 50-day moving average price is $635.36 and its two-hundred day moving average price is $551.04. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 16.58 and a beta of 1.25.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, November 13th. The company reported $8.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.43 by $1.88. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.41 billion. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $7.73 EPS. On average, equities analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Dillard’s’s dividend payout ratio is presently 3.26%.

Analyst Upgrades and Downgrades

DDS has been the subject of several research reports. UBS Group lifted their target price on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a research report on Tuesday, November 25th. Finally, Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $511.33.

Insiders Place Their Bets

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

About Dillard’s

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.