Dillard’s, Inc. (NYSE:DDS) Stake Trimmed by Inspire Investing LLC

Inspire Investing LLC cut its position in shares of Dillard’s, Inc. (NYSE:DDS) by 18.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 778 shares of the company’s stock after selling 175 shares during the period. Inspire Investing LLC’s holdings in Dillard’s were worth $367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Duality Advisers LP raised its stake in Dillard’s by 90.8% during the 1st quarter. Duality Advisers LP now owns 7,213 shares of the company’s stock valued at $3,402,000 after purchasing an additional 3,433 shares during the period. Gallacher Capital Management LLC purchased a new position in shares of Dillard’s during the first quarter valued at $487,000. GSA Capital Partners LLP grew its holdings in shares of Dillard’s by 98.6% during the first quarter. GSA Capital Partners LLP now owns 1,744 shares of the company’s stock valued at $823,000 after buying an additional 866 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Dillard’s during the first quarter valued at $654,000. Finally, Horrell Capital Management Inc. lifted its stake in Dillard’s by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 29,371 shares of the company’s stock worth $13,853,000 after acquiring an additional 147 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Stock Up 0.3 %

Shares of NYSE:DDS traded up $1.09 during midday trading on Tuesday, hitting $424.84. 60,301 shares of the stock were exchanged, compared to its average volume of 96,726. The company has a market capitalization of $6.90 billion, a PE ratio of 9.63 and a beta of 0.90. Dillard’s, Inc. has a 52-week low of $286.39 and a 52-week high of $476.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 2.40. The business’s fifty day simple moving average is $435.73 and its two-hundred day simple moving average is $422.74.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Saturday, May 18th. The company reported $11.09 earnings per share for the quarter, topping analysts’ consensus estimates of $9.69 by $1.40. Dillard’s had a return on equity of 38.66% and a net margin of 10.68%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business earned $11.85 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts predict that Dillard’s, Inc. will post 34.47 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. Dillard’s’s dividend payout ratio (DPR) is 2.27%.

Analyst Ratings Changes

Separately, Telsey Advisory Group upped their target price on Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a report on Friday, May 17th.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.