Sanctuary Advisors LLC Takes $1.14 Million Position in Dillard’s, Inc. (NYSE:DDS)

Sanctuary Advisors LLC purchased a new stake in shares of Dillard’s, Inc. (NYSE:DDS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,541 shares of the company’s stock, valued at approximately $1,141,000.

Other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Dillard’s in the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of Dillard’s in the 1st quarter valued at approximately $68,000. Point72 Hong Kong Ltd raised its stake in shares of Dillard’s by 430.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after acquiring an additional 142 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Dillard’s by 31.0% in the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock valued at $145,000 after acquiring an additional 78 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Dillard’s by 45.1% in the 2nd quarter. Blue Trust Inc. now owns 341 shares of the company’s stock valued at $161,000 after acquiring an additional 106 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Dillard’s Stock Performance

DDS opened at $365.43 on Friday. The stock has a market cap of $5.93 billion, a PE ratio of 8.31 and a beta of 0.85. The company has a current ratio of 3.14, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48. The stock’s 50 day simple moving average is $361.49 and its 200-day simple moving average is $406.51.

Dillard’s (NYSE:DDS) last released its quarterly earnings data 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 firm 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%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.98 earnings per share. Sell-side analysts forecast that Dillard’s, Inc. will post 31.2 EPS for the current year.

Dillard’s Announces Dividend

The company also recently disclosed 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 0.27%. The ex-dividend date of this dividend is Monday, September 30th. Dillard’s’s dividend payout ratio is presently 2.27%.

Analyst Upgrades and Downgrades

DDS has been the topic of several recent analyst reports. Telsey Advisory Group dropped their price target on Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, UBS Group dropped their price target on Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, August 16th.

Insider Activity

In other news, Director Robert C. Connor acquired 100 shares of the stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares in the company, valued at approximately $27,051,960. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 33.80% of the stock is currently owned by company insiders.

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.