Dillard’s, Inc. (NYSE:DDS) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP cut its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 40.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,261 shares of the company’s stock after selling 2,193 shares during the period. Seven Eight Capital LP’s holdings in Dillard’s were worth $1,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ProShare Advisors LLC increased its stake in shares of Dillard’s by 6.3% during the first quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock worth $289,000 after purchasing an additional 36 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in Dillard’s during the 2nd quarter worth approximately $26,000. SG Americas Securities LLC raised its holdings in shares of Dillard’s by 31.0% during the second quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock valued at $145,000 after acquiring an additional 78 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Dillard’s by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock valued at $881,000 after acquiring an additional 97 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Dillard’s by 45.1% in the second quarter. Blue Trust Inc. now owns 341 shares of the company’s stock worth $161,000 after acquiring an additional 106 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DDS. UBS Group reduced their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Telsey Advisory Group decreased their price target on shares of 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 Price Performance

DDS stock opened at $367.93 on Friday. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48. The firm has a market capitalization of $5.97 billion, a PE ratio of 8.36 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The business has a 50 day simple moving average of $371.97 and a 200-day simple moving average of $411.78.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.53 billion. Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period last year, the business earned $7.98 earnings per share. Equities research analysts anticipate that Dillard’s, Inc. will post 31.2 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Monday, September 30th. Dillard’s’s payout ratio is presently 2.27%.

Insider Activity

In related news, Director Robert C. Connor acquired 100 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the acquisition, the director now owns 78,000 shares in the company, valued at approximately $27,051,960. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.