Comerica Bank Trims Stake in Dillard’s, Inc. (DDS)
Comerica Bank trimmed its holdings in Dillard’s, Inc. (NYSE:DDS) by 7.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,370 shares of the company’s stock after selling 1,388 shares during the period. Comerica Bank owned 0.06% of Dillard’s worth $1,239,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DDS. LS Investment Advisors LLC raised its holdings in shares of Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after buying an additional 281 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of Dillard’s in the first quarter valued at about $125,000. Advantus Capital Management Inc acquired a new position in shares of Dillard’s during the first quarter worth about $169,000. Bank of Montreal Can increased its stake in shares of Dillard’s by 20.7% during the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock worth $215,000 after acquiring an additional 708 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Dillard’s during the first quarter worth about $228,000. 94.10% of the stock is owned by institutional investors and hedge funds.
Dillard’s, Inc. (NYSE DDS) opened at 59.41 on Friday. The stock’s 50 day moving average is $62.56 and its 200-day moving average is $56.25. Dillard’s, Inc. has a 52 week low of $45.51 and a 52 week high of $83.44. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 14.72 and a beta of 1.12.
Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.77). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities research analysts expect that Dillard’s, Inc. will post $3.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 0.67%. Dillard’s’s dividend payout ratio (DPR) is currently 7.12%.
DDS has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. J P Morgan Chase & Co reiterated an “underweight” rating and set a $36.00 price target (down from $49.00) on shares of Dillard’s in a research note on Thursday, August 10th. Deutsche Bank AG boosted their price target on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, August 8th. TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.00.
In related news, Director J C. Watts, Jr. sold 450 shares of Dillard’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total value of $27,135.00. Following the sale, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 23.27% of the company’s stock.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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