State Board of Administration of Florida Retirement System increased its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 59.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,076 shares of the company’s stock after acquiring an additional 2,263 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Dillard’s were worth $341,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Wedge Capital Management L L P NC increased its holdings in shares of Dillard’s by 38.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 9,521 shares of the company’s stock worth $534,000 after acquiring an additional 2,664 shares during the last quarter. K.J. Harrison & Partners Inc grew its holdings in Dillard’s by 125.2% in the 3rd quarter. K.J. Harrison & Partners Inc now owns 16,890 shares of the company’s stock valued at $947,000 after buying an additional 9,390 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Dillard’s in the 3rd quarter valued at $441,000. Aperio Group LLC grew its holdings in Dillard’s by 21.3% in the 3rd quarter. Aperio Group LLC now owns 17,503 shares of the company’s stock valued at $981,000 after buying an additional 3,070 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new position in Dillard’s in the 3rd quarter valued at $3,842,000. 92.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dillard’s, Inc. (NYSE:DDS) opened at $54.19 on Tuesday. The firm has a market capitalization of $1,612.99, a price-to-earnings ratio of 14.63, a PEG ratio of 6.17 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 0.14 and a debt-to-equity ratio of 0.36. Dillard’s, Inc. has a 1 year low of $45.51 and a 1 year high of $83.44.
Dillard’s (NYSE:DDS) last released its earnings results on Thursday, November 9th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.35 billion. Dillard’s had a return on equity of 7.40% and a net margin of 1.92%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. sell-side analysts anticipate that Dillard’s, Inc. will post 3.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Friday, December 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. Dillard’s’s payout ratio is 10.64%.
In other news, Director J C. Watts, Jr. sold 450 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total transaction of $27,135.00. Following the completion of the sale, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.63% of the company’s stock.
A number of brokerages have commented on DDS. Deutsche Bank AG upped their price objective on Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, August 8th. BidaskClub raised Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $36.00 price objective (down from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.25.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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