Wellington Management Group LLP boosted its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 99.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,442 shares of the company’s stock after buying an additional 8,202 shares during the period. Wellington Management Group LLP’s holdings in Dillard’s were worth $859,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Profund Advisors LLC purchased a new stake in Dillard’s during the first quarter valued at $236,000. Nationwide Fund Advisors increased its stake in shares of Dillard’s by 771.0% in the first quarter. Nationwide Fund Advisors now owns 48,290 shares of the company’s stock worth $2,523,000 after buying an additional 42,746 shares during the last quarter. Retirement Systems of Alabama bought a new stake in shares of Dillard’s during the first quarter worth approximately $1,704,000. Nisa Investment Advisors LLC increased its stake in shares of Dillard’s by 4.2% in the first quarter. Nisa Investment Advisors LLC now owns 24,600 shares of the company’s stock worth $1,285,000 after buying an additional 1,000 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Dillard’s during the first quarter worth approximately $334,000. Institutional investors and hedge funds own 93.68% of the company’s stock.
Dillard’s, Inc. (DDS) opened at 67.91 on Friday. Dillard’s, Inc. has a 12-month low of $45.51 and a 12-month high of $77.70. The firm has a market cap of $1.98 billion, a PE ratio of 14.27 and a beta of 1.07. The company has a 50-day moving average price of $55.68 and a 200-day moving average price of $54.27.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.10. Dillard’s had a return on equity of 9.39% and a net margin of 2.50%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $2.17 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. On average, equities analysts predict that Dillard’s, Inc. will post $4.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, June 28th. Dillard’s’s dividend payout ratio is presently 5.76%.
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DDS has been the topic of a number of recent research reports. BidaskClub upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine downgraded Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Deutsche Bank AG lowered their target price on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $58.67.
In other Dillard’s news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 23.27% of the stock is currently owned by insiders.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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