130,257 Shares in Dillard’s, Inc. (DDS) Purchased by MERIAN GLOBAL INVESTORS UK Ltd
MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Dillard’s, Inc. (NYSE:DDS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,257 shares of the company’s stock, valued at approximately $9,943,000. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 0.47% of Dillard’s at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of DDS. NumerixS Investment Technologies Inc purchased a new position in shares of Dillard’s during the 2nd quarter worth approximately $126,000. Tower Research Capital LLC TRC increased its stake in shares of Dillard’s by 69.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock worth $126,000 after purchasing an additional 545 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Dillard’s during the 1st quarter worth approximately $201,000. CIBC World Markets Inc. purchased a new position in shares of Dillard’s during the 1st quarter worth approximately $271,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Dillard’s during the 2nd quarter worth approximately $284,000. 87.57% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. ValuEngine cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. JPMorgan Chase & Co. raised their price objective on shares of Dillard’s to $60.00 and gave the stock an “underweight” rating in a research note on Thursday, August 16th. Wedbush assumed coverage on shares of Dillard’s in a research note on Wednesday, August 8th. They set an “outperform” rating and a $95.00 price objective for the company. Finally, Zacks Investment Research cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Dillard’s has a consensus rating of “Hold” and an average price target of $75.43.
Shares of NYSE DDS opened at $68.26 on Friday. Dillard’s, Inc. has a 1 year low of $49.91 and a 1 year high of $98.75. The company has a market cap of $1.91 billion, a P/E ratio of 11.56, a PEG ratio of 1.15 and a beta of 0.85. The company has a current ratio of 1.71, a quick ratio of 0.23 and a debt-to-equity ratio of 0.34.
Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, August 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business earned ($0.58) earnings per share. Dillard’s’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Dillard’s, Inc. will post 6.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, September 28th will be given 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 0.59%. Dillard’s’s dividend payout ratio (DPR) is currently 8.33%.
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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