LSV Asset Management Has $82,975,000 Position in Dillard’s Inc. (DDS)
LSV Asset Management increased its position in Dillard’s Inc. (NYSE:DDS) by 1.5% during the third quarter, Holdings Channel reports. The firm owned 1,316,861 shares of the company’s stock after buying an additional 20,092 shares during the period. LSV Asset Management’s holdings in Dillard’s were worth $82,975,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of Dillard’s by 40.1% in the third quarter. Advisors Asset Management Inc. now owns 1,706 shares of the company’s stock worth $107,000 after buying an additional 488 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Dillard’s by 120.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $133,000 after buying an additional 1,200 shares during the last quarter. Kernodle & Katon Asset Management Group LLC boosted its stake in shares of Dillard’s by 1,669.3% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,477 shares of the company’s stock worth $150,000 after buying an additional 2,337 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Dillard’s during the second quarter worth approximately $159,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Dillard’s by 24.4% in the second quarter. Mutual of America Capital Management LLC now owns 3,140 shares of the company’s stock worth $190,000 after buying an additional 615 shares during the last quarter. 80.47% of the stock is currently owned by institutional investors and hedge funds.
Dillard’s Inc. (NYSE:DDS) opened at 71.22 on Wednesday. Dillard’s Inc. has a one year low of $54.37 and a one year high of $88.58. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 12.73 and a beta of 1.07. The stock’s 50 day moving average is $64.61 and its 200 day moving average is $62.29.
Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Dillard’s’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts forecast that Dillard’s Inc. will post $5.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, December 28th. Dillard’s’s dividend payout ratio is currently 5.09%.
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A number of equities research analysts recently commented on DDS shares. Credit Suisse Group AG reissued a “buy” rating and issued a $70.00 price objective on shares of Dillard’s in a research note on Friday, November 11th. Zacks Investment Research raised shares of Dillard’s from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Thursday, October 6th. Telsey Advisory Group increased their price objective on shares of Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 12th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $55.00 price objective on shares of Dillard’s in a research note on Friday, August 12th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $66.39.
Dillard’s Company Profile
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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