Nisa Investment Advisors LLC Purchases 1,398 Shares of Dillard’s, Inc. $DDS

Nisa Investment Advisors LLC increased its position in Dillard’s, Inc. (NYSE:DDS) by 10.1% in the third quarter, Holdings Channel.com reports. The fund owned 15,219 shares of the company’s stock after purchasing an additional 1,398 shares during the period. Nisa Investment Advisors LLC’s holdings in Dillard’s were worth $9,356,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Dillard’s in the 3rd quarter worth $1,565,000. NDVR Inc. purchased a new stake in shares of Dillard’s during the third quarter valued at $226,000. CoreCap Advisors LLC bought a new stake in Dillard’s in the 3rd quarter worth about $52,000. Allspring Global Investments Holdings LLC raised its position in Dillard’s by 31.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,280 shares of the company’s stock worth $10,867,000 after buying an additional 4,142 shares during the last quarter. Finally, Abacus FCF Advisors LLC purchased a new position in Dillard’s in the 3rd quarter worth about $5,254,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $681.50 on Friday. The firm has a 50 day moving average of $645.07 and a 200 day moving average of $572.89. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.50 and a beta of 1.20. Dillard’s, Inc. has a 12-month low of $282.24 and a 12-month high of $741.97.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, topping the consensus estimate of $6.43 by $1.88. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $7.73 earnings per share. On average, research analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Dillard’s’s dividend payout ratio (DPR) is currently 3.26%.

Insiders Place Their Bets

In related news, Director J C. Watts, Jr. sold 750 shares of Dillard’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total transaction of $445,950.00. Following the transaction, the director directly owned 10,250 shares in the company, valued at approximately $6,094,650. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group lifted their target price on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Finally, Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $511.33.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.