Dillard’s, Inc. $DDS Stock Holdings Boosted by Newport Trust Company LLC

Newport Trust Company LLC raised its stake in Dillard’s, Inc. (NYSE:DDS) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,523,121 shares of the company’s stock after purchasing an additional 7,144 shares during the period. Dillard’s accounts for about 6.6% of Newport Trust Company LLC’s holdings, making the stock its 6th biggest position. Newport Trust Company LLC owned 28.92% of Dillard’s worth $2,742,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DDS. Northwestern Mutual Wealth Management Co. increased its stake in Dillard’s by 28,394.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock valued at $137,354,000 after purchasing an additional 225,734 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Dillard’s in the third quarter valued at approximately $31,813,000. Man Group plc increased its stake in Dillard’s by 464.3% in the third quarter. Man Group plc now owns 38,806 shares of the company’s stock valued at $23,846,000 after purchasing an additional 31,929 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after purchasing an additional 28,468 shares during the last quarter. Finally, Gotham Asset Management LLC increased its stake in Dillard’s by 52.8% in the third quarter. Gotham Asset Management LLC now owns 66,519 shares of the company’s stock valued at $40,875,000 after purchasing an additional 22,991 shares during the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Price Performance

DDS stock opened at $552.08 on Friday. The company has a market capitalization of $8.62 billion, a P/E ratio of 13.13 and a beta of 1.17. Dillard’s, Inc. has a twelve month low of $386.85 and a twelve month high of $741.97. The business has a 50 day simple moving average of $575.55 and a 200-day simple moving average of $618.14. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last posted 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. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $10.39 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Dillard’s, Inc. will post 33.12 EPS for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Tuesday, March 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DDS shares. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. UBS Group increased their price objective on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a report on Wednesday, May 6th. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. decreased 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. Finally, Telsey Advisory Group decreased 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. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $521.33.

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.