Schwab Charles Investment Management Inc. raised its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,200 shares of the company’s stock after buying an additional 7,875 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Dillard’s were worth $5,287,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC acquired a new position in shares of Dillard’s during the fourth quarter valued at approximately $319,000. CIBC World Markets Inc. acquired a new position in shares of Dillard’s during the first quarter valued at approximately $1,248,000. Segantii Capital Management Ltd acquired a new position in shares of Dillard’s during the first quarter valued at approximately $125,000. Merriman Wealth Management LLC acquired a new position in shares of Dillard’s during the first quarter valued at approximately $876,000. Finally, Norges Bank acquired a new position in shares of Dillard’s during the fourth quarter valued at approximately $18,711,000. 93.36% of the stock is owned by institutional investors.
Shares of Dillard’s, Inc. (NYSE DDS) traded up 0.95% during midday trading on Tuesday, reaching $75.32. 67,894 shares of the company traded hands. The company has a 50 day moving average of $60.62 and a 200 day moving average of $55.18. Dillard’s, Inc. has a 12 month low of $45.51 and a 12 month high of $83.44. The firm has a market capitalization of $2.20 billion, a P/E ratio of 15.83 and a beta of 1.12.
Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.17 earnings per share. On average, equities research analysts predict that Dillard’s, Inc. will post $4.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.07 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.28 annualized dividend and a yield of 0.38%. Dillard’s’s dividend payout ratio is presently 5.76%.
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DDS has been the subject of several recent research reports. BidaskClub raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Deutsche Bank AG decreased their price target on shares of Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a research report on Friday, May 12th. Finally, ValuEngine lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Dillard’s has an average rating of “Hold” and a consensus target price of $59.17.
In related news, major shareholder David Einhorn sold 35,125 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 26.63% 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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