Quinn Opportunity Partners LLC continued to hold its position in Dillard’s, Inc. (NYSE:DDS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,000 shares of the company’s stock at the close of the 2nd quarter. Quinn Opportunity Partners LLC’s holdings in Dillard’s were worth $692,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in shares of Dillard’s by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after purchasing an additional 281 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Dillard’s in the 1st quarter valued at approximately $125,000. Victory Capital Management Inc. raised its position in shares of Dillard’s by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after purchasing an additional 325 shares during the last quarter. Advantus Capital Management Inc purchased a new position in shares of Dillard’s in the 1st quarter valued at approximately $169,000. Finally, Bank of Montreal Can raised its position in shares of Dillard’s by 20.7% in the 1st quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after purchasing an additional 708 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
Several equities analysts recently commented on the stock. Deutsche Bank AG increased their price objective on shares of Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co reissued an “underweight” rating and set a $36.00 price target (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. TheStreet raised shares of Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.00.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of Dillard’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total transaction of $27,135.00. Following the sale, the director now owns 8,200 shares of the company’s stock, valued at approximately $494,460. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.27% of the stock is owned by insiders.
Dillard’s, Inc. (NYSE DDS) traded down 0.36% during midday trading on Thursday, reaching $55.29. 409,476 shares of the company were exchanged. Dillard’s, Inc. has a 52-week low of $45.51 and a 52-week high of $83.44. The company has a 50 day moving average of $61.50 and a 200-day moving average of $56.34. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.70 and a beta of 1.12.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.77). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. On average, equities research analysts anticipate that Dillard’s, Inc. will post $3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 0.72%. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s payout ratio is presently 7.12%.
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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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