Walleye Capital LLC Has $6.30 Million Holdings in Dillard’s, Inc. $DDS

Walleye Capital LLC increased its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,008 shares of the company’s stock after buying an additional 3,066 shares during the quarter. Walleye Capital LLC’s holdings in Dillard’s were worth $6,298,000 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 business. Rockefeller Capital Management L.P. grew its stake in Dillard’s by 108.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after acquiring an additional 25 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Dillard’s during the fourth quarter worth about $29,000. Quarry LP bought a new position in shares of Dillard’s during the 3rd quarter valued at about $33,000. Global Retirement Partners LLC lifted its holdings in shares of Dillard’s by 6,300.0% during the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Stock Performance

DDS opened at $589.01 on Thursday. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The business’s 50-day moving average price is $561.95 and its two-hundred day moving average price is $594.01. Dillard’s, Inc. has a 1 year low of $449.64 and a 1 year high of $741.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping the consensus estimate of $10.13 by $5.91. The company had revenue of $1.59 billion during 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 in the prior year, the firm earned $10.39 earnings per share. Equities analysts expect that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s payout ratio is presently 2.85%.

Insider Buying and Selling

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the transaction, the director owned 10,150 shares of the company’s stock, valued at $6,183,177. This represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 34.80% of the company’s stock.

Analyst Ratings Changes

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