Dillard’s, Inc. (NYSE:DDS) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 2,405 shares of the company’s stock after purchasing an additional 159 shares during the quarter. Ritholtz Wealth Management’s holdings in Dillard’s were worth $1,059,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in shares of Dillard’s by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock valued at $25,367,000 after purchasing an additional 3,942 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Dillard’s in the fourth quarter valued at $9,036,000. Hennessy Advisors Inc. boosted its stake in Dillard’s by 43.5% during the 1st quarter. Hennessy Advisors Inc. now owns 13,200 shares of the company’s stock valued at $6,226,000 after acquiring an additional 4,000 shares during the last quarter. Duality Advisers LP grew its holdings in Dillard’s by 90.8% during the 1st quarter. Duality Advisers LP now owns 7,213 shares of the company’s stock worth $3,402,000 after acquiring an additional 3,433 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Dillard’s by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock worth $881,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DDS shares. UBS Group reduced their price target on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, August 16th. Telsey Advisory Group cut their price objective on Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th.

Dillard’s Stock Down 0.5 %

DDS stock opened at $338.97 on Tuesday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 7.70 and a beta of 0.90. Dillard’s, Inc. has a 1-year low of $286.39 and a 1-year high of $476.48. The firm has a fifty day moving average price of $394.71 and a two-hundred day moving average price of $418.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. Dillard’s’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $7.98 EPS. Research analysts predict that Dillard’s, Inc. will post 32.27 EPS for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, September 30th. Dillard’s’s payout ratio is 2.27%.

Insider Transactions at Dillard’s

In related news, Director Robert C. Connor acquired 100 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the purchase, the director now directly owns 78,000 shares in the company, valued at $27,051,960. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 33.80% of the company’s stock.

Dillard’s Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.