Teacher Retirement System of Texas reduced its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 36.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,257 shares of the company’s stock after selling 1,857 shares during the period. Teacher Retirement System of Texas’ holdings in Dillard’s were worth $262,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Aperio Group LLC lifted its position in Dillard’s by 18.5% during the 1st quarter. Aperio Group LLC now owns 15,728 shares of the company’s stock valued at $1,264,000 after acquiring an additional 2,453 shares during the period. ING Groep NV bought a new stake in Dillard’s during the 1st quarter valued at about $251,000. Engineers Gate Manager LP bought a new stake in Dillard’s during the 1st quarter valued at about $740,000. Chicago Equity Partners LLC bought a new stake in Dillard’s during the 1st quarter valued at about $2,518,000. Finally, LSV Asset Management increased its stake in Dillard’s by 3.0% during the 1st quarter. LSV Asset Management now owns 1,311,427 shares of the company’s stock valued at $105,360,000 after purchasing an additional 37,662 shares in the last quarter. 87.74% of the stock is owned by institutional investors.
In other news, VP Tom W. Bolin sold 495 shares of Dillard’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $92.22, for a total value of $45,648.90. Following the completion of the sale, the vice president now directly owns 569 shares in the company, valued at $52,473.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James I. Freeman sold 20,000 shares of Dillard’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $83.02, for a total transaction of $1,660,400.00. Following the completion of the sale, the director now owns 181,824 shares of the company’s stock, valued at $15,095,028.48. The disclosure for this sale can be found here. Insiders sold 130,226 shares of company stock valued at $10,699,113 over the last quarter. Company insiders own 19.10% of the company’s stock.
NYSE:DDS opened at $94.60 on Friday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.21. Dillard’s, Inc. has a fifty-two week low of $49.91 and a fifty-two week high of $98.75.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 17th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.12. Dillard’s had a net margin of 3.65% and a return on equity of 9.45%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $2.12 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. equities research analysts expect that Dillard’s, Inc. will post 6.13 earnings per share for the current year.
Dillard’s announced that its Board of Directors has approved a share repurchase program on Thursday, March 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Friday, June 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. Dillard’s’s dividend payout ratio is presently 8.33%.
Dillard’s Company Profile
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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