Swiss National Bank reduced its position in shares of Dillard’s, Inc. (NYSE:DDS) by 10.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,400 shares of the company’s stock after selling 2,600 shares during the period. Swiss National Bank’s holdings in Dillard’s were worth $2,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDS. Prudential Financial Inc. raised its position in shares of Dillard’s by 2.3% in the first quarter. Prudential Financial Inc. now owns 98,368 shares of the company’s stock valued at $7,903,000 after purchasing an additional 2,240 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Dillard’s by 11.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 6,889 shares of the company’s stock valued at $553,000 after purchasing an additional 683 shares during the period. Engineers Gate Manager LP bought a new position in shares of Dillard’s in the first quarter valued at about $740,000. ING Groep NV bought a new position in shares of Dillard’s in the first quarter valued at about $251,000. Finally, Aperio Group LLC raised its position in shares of Dillard’s by 18.5% in the first quarter. Aperio Group LLC now owns 15,728 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,453 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Several brokerages have recently weighed in on DDS. Susquehanna Bancshares reissued a “neutral” rating and issued a $60.00 price objective on shares of Dillard’s in a research report on Thursday, June 7th. ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Wedbush began coverage on shares of Dillard’s in a research report on Wednesday, August 8th. They issued an “outperform” rating and a $95.00 price objective on the stock. Finally, Bank of America raised shares of Dillard’s from an “underperform” rating to a “buy” rating and increased their price objective for the company from $77.37 to $89.00 in a research report on Monday, May 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $75.43.

DDS stock opened at $75.14 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.23 and a current ratio of 1.71. Dillard’s, Inc. has a 52 week low of $49.91 and a 52 week high of $98.75. The stock has a market capitalization of $2.10 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.85.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 16th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.33. Dillard’s had a net margin of 3.84% and a return on equity of 10.20%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company posted ($0.58) earnings per share. Dillard’s’s revenue was up 2.5% compared to the same quarter last year. analysts predict that Dillard’s, Inc. will post 6.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Dillard’s’s payout ratio is 8.33%.

In other news, Director Warren A. Stephens acquired 10,000 shares of Dillard’s stock in a transaction on Friday, August 17th. The shares were purchased at an average cost of $76.41 per share, for a total transaction of $764,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Connor acquired 1,000 shares of Dillard’s stock in a transaction on Friday, August 24th. The shares were purchased at an average price of $75.42 per share, for a total transaction of $75,420.00. Following the completion of the purchase, the director now directly owns 68,000 shares of the company’s stock, valued at $5,128,560. The disclosure for this purchase can be found here. Corporate insiders own 19.10% of the company’s stock.

Dillard’s Profile

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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Institutional Ownership by Quarter for Dillard`s (NYSE:DDS)

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