First Eagle Investment Management LLC Continues to Hold Stake in Dillard’s Inc. (DDS)
First Eagle Investment Management LLC held its position in shares of Dillard’s Inc. (NYSE:DDS) during the third quarter, Holdings Channel reports. The fund owned 45,900 shares of the company’s stock at the end of the third quarter. First Eagle Investment Management LLC owned about 0.13% of Dillard’s worth $2,892,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Dillard’s by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,324,652 shares of the company’s stock worth $80,274,000 after buying an additional 157,924 shares during the last quarter. Royce & Associates LP boosted its position in Dillard’s by 39.9% in the second quarter. Royce & Associates LP now owns 858,937 shares of the company’s stock worth $52,052,000 after buying an additional 245,015 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Dillard’s by 31.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 846,112 shares of the company’s stock worth $51,274,000 after buying an additional 200,459 shares during the last quarter. First Trust Advisors LP boosted its position in Dillard’s by 38.0% in the third quarter. First Trust Advisors LP now owns 435,058 shares of the company’s stock worth $27,413,000 after buying an additional 119,793 shares during the last quarter. Finally, State Street Corp boosted its position in Dillard’s by 2.2% in the second quarter. State Street Corp now owns 365,181 shares of the company’s stock worth $22,125,000 after buying an additional 7,747 shares during the last quarter. 80.47% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s Inc. (NYSE:DDS) traded up 0.41% during mid-day trading on Wednesday, reaching $71.51. 692,602 shares of the company’s stock traded hands. Dillard’s Inc. has a 12 month low of $54.37 and a 12 month high of $88.58. The firm’s 50-day moving average price is $64.75 and its 200 day moving average price is $62.37. The stock has a market capitalization of $2.40 billion, a PE ratio of 12.78 and a beta of 1.07.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.76 by $0.09. Dillard’s had a net margin of 3.00% and a return on equity of 10.84%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $1.03 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts predict that Dillard’s Inc. will post $5.81 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.28 annualized dividend and a yield of 0.39%. Dillard’s’s dividend payout ratio (DPR) is presently 5.09%.
DDS has been the topic of several recent analyst reports. Telsey Advisory Group upped their price target on shares of Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 12th. Bank of America Corp. reaffirmed a “sell” rating and issued a $55.00 price target on shares of Dillard’s in a report on Friday, August 12th. Credit Suisse Group AG raised shares of Dillard’s from a “neutral” rating to an “outperform” rating and upped their price target for the company from $63.00 to $70.00 in a report on Wednesday, September 28th. Finally, Zacks Investment Research raised shares of Dillard’s from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Thursday, October 6th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.39.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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