Larson Financial Group LLC Purchases 2,000 Shares of Dillard’s, Inc. $DDS

Larson Financial Group LLC grew its position in Dillard’s, Inc. (NYSE:DDS) by 15,384.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,013 shares of the company’s stock after buying an additional 2,000 shares during the period. Larson Financial Group LLC’s holdings in Dillard’s were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Convergence Investment Partners LLC bought a new stake in Dillard’s in the 4th quarter valued at $1,423,000. Wakefield Asset Management LLLP acquired a new stake in Dillard’s during the 4th quarter valued at $1,344,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Dillard’s by 28,394.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock valued at $137,354,000 after purchasing an additional 225,734 shares during the last quarter. Versor Investments LP lifted its holdings in Dillard’s by 16.8% during the 4th quarter. Versor Investments LP now owns 701 shares of the company’s stock valued at $425,000 after purchasing an additional 101 shares during the last quarter. Finally, Swiss Life Asset Management Ltd acquired a new stake in Dillard’s during the 4th quarter valued at $249,000. Institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Up 1.5%

DDS stock opened at $539.03 on Thursday. 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 stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 12.82 and a beta of 1.17. The business’s fifty day moving average price is $576.47 and its two-hundred day moving average price is $618.49. Dillard’s, Inc. has a fifty-two week low of $386.85 and a fifty-two week high of $741.97.

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 firm 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 31.89% and a net margin of 10.09%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $10.39 EPS. On average, equities analysts anticipate that Dillard’s, Inc. will post 33.12 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is presently 2.85%.

Analyst Upgrades and Downgrades

DDS has been the subject of several research reports. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Telsey Advisory Group cut their price target on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a report on Wednesday, February 25th. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. JPMorgan Chase & Co. cut their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Dillard’s currently has a consensus rating of “Reduce” and a consensus target price 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.