2,547 Shares in Dillard’s, Inc. $DDS Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,547 shares of the company’s stock, valued at approximately $1,565,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDS. Wedge Capital Management L L P NC lifted its position in shares of Dillard’s by 756.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock worth $43,554,000 after purchasing an additional 62,608 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Dillard’s by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after buying an additional 28,468 shares during the period. Norges Bank bought a new position in Dillard’s in the 2nd quarter worth approximately $10,238,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Dillard’s during the second quarter worth approximately $5,919,000. Finally, AQR Capital Management LLC boosted its position in shares of Dillard’s by 14.8% in the second quarter. AQR Capital Management LLC now owns 91,015 shares of the company’s stock valued at $38,029,000 after acquiring an additional 11,733 shares during the period. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Trading Up 2.7%

Shares of Dillard’s stock opened at $666.34 on Friday. Dillard’s, Inc. has a 52-week low of $282.24 and a 52-week high of $741.97. The firm has a market capitalization of $10.42 billion, a PE ratio of 18.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.00. The company’s fifty day moving average price is $650.56 and its two-hundred day moving average price is $579.02.

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

Dillard’s Dividend Announcement

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

Analyst Upgrades and Downgrades

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