1,395 Shares in Dillard’s, Inc. $DDS Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new position in Dillard’s, Inc. (NYSE:DDS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,395 shares of the company’s stock, valued at approximately $798,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Impact Partnership Wealth LLC boosted its position in shares of Dillard’s by 12.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 1,342 shares of the company’s stock valued at $768,000 after acquiring an additional 150 shares during the last quarter. Inspire Investing LLC increased its position in shares of Dillard’s by 90.6% in the first quarter. Inspire Investing LLC now owns 6,897 shares of the company’s stock worth $3,946,000 after purchasing an additional 3,279 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Dillard’s by 16.2% in the first quarter. Pictet Asset Management Holding SA now owns 568 shares of the company’s stock worth $325,000 after purchasing an additional 79 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Dillard’s by 7.5% in the first quarter. Sterling Capital Management LLC now owns 3,166 shares of the company’s stock worth $1,811,000 after purchasing an additional 222 shares during the last quarter. Finally, CPC Advisors LLC purchased a new stake in Dillard’s in the first quarter valued at approximately $1,938,000. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Price Performance

DDS opened at $546.13 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $8.53 billion, a P/E ratio of 12.98 and a beta of 1.15. The stock has a 50-day moving average price of $569.92 and a 200-day moving average price of $603.08. Dillard’s, Inc. has a 12-month low of $424.86 and a 12-month high of $741.97.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.Dillard’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $10.39 EPS. Equities analysts predict that Dillard’s, Inc. will post 35.26 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 3rd. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.85%.

Insider Buying and Selling

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the transaction, the director directly owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 34.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DDS shares. Weiss Ratings lowered shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. UBS Group raised their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $521.33.

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.