Commonwealth Bank of Australia grew its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 31.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,154 shares of the company’s stock after acquiring an additional 3,400 shares during the quarter. Commonwealth Bank of Australia’s holdings in Dillard’s were worth $816,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Parametrica Management Ltd purchased a new position in shares of Dillard’s during the second quarter worth approximately $618,000. Aristotle Fund L.P. purchased a new position in shares of Dillard’s in the second quarter worth $4,558,000. Segantii Capital Management Ltd purchased a new position in shares of Dillard’s in the first quarter worth $125,000. Royce & Associates LP increased its stake in shares of Dillard’s by 41.8% in the second quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock worth $8,047,000 after buying an additional 41,098 shares during the period. Finally, Ray Gerald L & Associates Ltd. purchased a new position in shares of Dillard’s in the second quarter worth $363,000. 94.10% of the stock is currently owned by hedge funds and other institutional investors.
Dillard’s, Inc. (DDS) opened at 59.41 on Friday. The company has a 50 day moving average of $62.56 and a 200 day moving average of $56.25. The stock has a market capitalization of $1.72 billion, a P/E ratio of 14.72 and a beta of 1.12. Dillard’s, Inc. has a 52 week low of $45.51 and a 52 week high of $83.44.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts expect that Dillard’s, Inc. will post $3.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s dividend payout ratio is presently 7.12%.
Several research analysts recently commented on DDS shares. BidaskClub downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Deutsche Bank AG lifted their target price on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, August 8th. TheStreet raised shares of Dillard’s from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $36.00 target price (down from $49.00) on shares of Dillard’s in a research note on Thursday, August 10th. Finally, ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.00.
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In related news, Director J C. Watts, Jr. sold 450 shares of the 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 sale, the director now owns 8,200 shares in the company, valued at approximately $494,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.27% of the company’s stock.
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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