Precision Wealth Strategies LLC Purchases Shares of 1,327 Dillard’s, Inc. $DDS

Precision Wealth Strategies LLC purchased a new stake in Dillard’s, Inc. (NYSE:DDS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,327 shares of the company’s stock, valued at approximately $805,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Dillard’s by 31.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,280 shares of the company’s stock valued at $10,867,000 after buying an additional 4,142 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Dillard’s by 24.3% in the third quarter. JPMorgan Chase & Co. now owns 28,681 shares of the company’s stock valued at $17,624,000 after buying an additional 5,604 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Dillard’s in the third quarter valued at $1,565,000. Nisa Investment Advisors LLC raised its stake in Dillard’s by 16.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,794 shares of the company’s stock valued at $11,289,000 after buying an additional 2,575 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Dillard’s by 15.4% in the third quarter. American Century Companies Inc. now owns 50,010 shares of the company’s stock valued at $30,730,000 after buying an additional 6,682 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDS shares. JPMorgan Chase & Co. cut their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Telsey Advisory Group cut their target price on Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 25th. Finally, Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $519.67.

Dillard’s Stock Performance

DDS stock traded up $10.21 during trading on Thursday, hitting $572.29. The company had a trading volume of 10,806 shares, compared to its average volume of 125,990. The firm has a market cap of $8.94 billion, a PE ratio of 15.72 and a beta of 1.27. Dillard’s, Inc. has a 1-year low of $343.12 and a 1-year high of $741.97. The firm has a 50-day moving average price of $594.86 and a 200-day moving average price of $623.50. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.98 by $3.07. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.48 EPS. On average, analysts expect that Dillard’s, Inc. will post 32.52 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Tuesday, March 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 Tuesday, March 31st. Dillard’s’s payout ratio is currently 3.30%.

Dillard’s Profile

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.