Gotham Asset Management LLC Increases Holdings in Dillard’s, Inc. $DDS

Gotham Asset Management LLC boosted its position in shares of Dillard’s, Inc. (NYSE:DDS) by 52.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,519 shares of the company’s stock after purchasing an additional 22,991 shares during the quarter. Gotham Asset Management LLC’s holdings in Dillard’s were worth $40,875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in DDS. EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after buying an additional 79 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dillard’s by 110.6% in 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 in the last quarter. CoreCap Advisors LLC purchased a new stake in Dillard’s in the third quarter worth about $52,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Dillard’s in the second quarter worth about $55,000. Finally, Tower Research Capital LLC TRC grew 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 acquiring an additional 85 shares in the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DDS has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Telsey Advisory Group cut their price objective on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a report on Wednesday, February 25th. UBS Group boosted their price objective on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research note on Friday, November 28th. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $519.67.

Dillard’s Price Performance

DDS opened at $581.86 on Monday. The firm has a market capitalization of $9.10 billion, a PE ratio of 15.98 and a beta of 1.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The business’s 50-day moving average is $636.54 and its two-hundred day moving average is $624.63. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $741.97.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, beating the consensus estimate of $9.98 by $3.07. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $13.48 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Research analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio is presently 3.30%.

Dillard’s Company 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.