Institute for Wealth Management LLC. Sells 303 Shares of Dillard’s, Inc. $DDS

Institute for Wealth Management LLC. decreased its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 27.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 818 shares of the company’s stock after selling 303 shares during the period. Institute for Wealth Management LLC.’s holdings in Dillard’s were worth $342,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DDS. New Vernon Capital Holdings II LLC boosted its holdings in shares of Dillard’s by 26,618.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company’s stock worth $66,694,000 after buying an additional 185,531 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after buying an additional 28,468 shares during the period. Northern Trust Corp boosted its holdings in shares of Dillard’s by 84.1% during the 1st quarter. Northern Trust Corp now owns 46,416 shares of the company’s stock worth $16,623,000 after buying an additional 21,199 shares during the period. Nuveen LLC bought a new stake in shares of Dillard’s during the 1st quarter worth about $6,250,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Dillard’s by 1,231.0% during the 1st quarter. Quantbot Technologies LP now owns 18,754 shares of the company’s stock worth $6,716,000 after buying an additional 17,345 shares during the period. Institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DDS. Telsey Advisory Group lifted their target price on shares of Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a report on Friday, August 15th. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group raised their target price on shares of Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a report on Friday, August 15th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dillard’s from $368.00 to $458.00 and gave the stock an “underweight” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Dillard’s presently has a consensus rating of “Reduce” and a consensus target price of $394.33.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $624.52 on Friday. The company has a 50 day moving average of $543.03 and a 200-day moving average of $440.30. Dillard’s, Inc. has a 1-year low of $282.24 and a 1-year high of $637.73. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The company has a market cap of $9.77 billion, a PE ratio of 17.22 and a beta of 1.09.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.87. Dillard’s had a net margin of 8.87% and a return on equity of 30.55%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $11.09 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. This is a boost from Dillard’s’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s payout ratio is currently 3.31%.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.