60,359 Shares in Dillard’s, Inc. $DDS Acquired by Norges Bank

Norges Bank purchased a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 60,359 shares of the company’s stock, valued at approximately $36,598,000.

Several other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Dillard’s by 28,394.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock worth $137,354,000 after purchasing an additional 225,734 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Dillard’s by 14.0% during the 3rd quarter. AQR Capital Management LLC now owns 103,714 shares of the company’s stock worth $63,730,000 after purchasing an additional 12,699 shares during the last quarter. UBS Group AG lifted its holdings in Dillard’s by 27.7% during the 4th quarter. UBS Group AG now owns 67,895 shares of the company’s stock worth $41,167,000 after purchasing an additional 14,718 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in Dillard’s by 52.8% during the 3rd quarter. Gotham Asset Management LLC now owns 66,519 shares of the company’s stock worth $40,875,000 after purchasing an additional 22,991 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after purchasing an additional 28,468 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the transaction, the director directly owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.80% of the stock is owned by corporate insiders.

Dillard’s Price Performance

Shares of NYSE DDS opened at $611.28 on Tuesday. The stock has a market capitalization of $9.55 billion, a PE ratio of 14.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The business has a fifty day moving average price of $578.40 and a two-hundred day moving average price of $616.46. Dillard’s, Inc. has a fifty-two week low of $394.70 and a fifty-two week high of $741.97.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating the consensus estimate of $10.13 by $5.91. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.39 EPS. As a group, equities analysts predict that Dillard’s, Inc. will post 35.26 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s payout ratio is currently 2.85%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DDS. UBS Group lifted their price target on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. dropped their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Telsey Advisory Group dropped their price objective on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a report on Wednesday, February 25th. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $521.33.

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.