Cubist Systematic Strategies LLC Acquires Shares of 21,860 Dillard's, Inc. (DDS)

Cubist Systematic Strategies LLC acquired a new stake in Dillard's, Inc. (NYSE:DDS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,860 shares of the company’s stock, valued at approximately $1,226,000. Cubist Systematic Strategies LLC owned approximately 0.08% of Dillard's as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDS. JPMorgan Chase & Co. increased its holdings in Dillard's by 341.0% in the second quarter. JPMorgan Chase & Co. now owns 719,151 shares of the company’s stock valued at $41,488,000 after buying an additional 556,072 shares in the last quarter. Koch Industries Inc. purchased a new position in Dillard's in the second quarter valued at $243,000. Bank of New York Mellon Corp increased its holdings in Dillard's by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock valued at $61,398,000 after buying an additional 191,168 shares in the last quarter. BlackRock Inc. increased its holdings in Dillard's by 4.0% in the second quarter. BlackRock Inc. now owns 2,163,602 shares of the company’s stock valued at $124,820,000 after buying an additional 83,653 shares in the last quarter. Finally, Aristotle Fund L.P. purchased a new position in Dillard's in the second quarter valued at $4,558,000. 88.53% of the stock is owned by institutional investors.

A number of research firms have weighed in on DDS. ValuEngine raised shares of Dillard's from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Dillard's from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.25.

Shares of Dillard's, Inc. (NYSE:DDS) opened at $58.14 on Monday. The company has a market cap of $1,656.06, a PE ratio of 15.30, a PEG ratio of 6.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.14 and a current ratio of 1.42. Dillard's, Inc. has a one year low of $45.51 and a one year high of $83.44.

Dillard's (NYSE:DDS) last released its earnings results on Thursday, November 9th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Dillard's had a net margin of 1.92% and a return on equity of 7.40%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. research analysts forecast that Dillard's, Inc. will post 3.5 EPS for the current fiscal 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 paid 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 0.69%. Dillard's’s dividend payout ratio is currently 10.64%.

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About Dillard's

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.

Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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