NewEdge Advisors LLC Has $774,000 Stock Position in Dillard’s, Inc. $DDS

NewEdge Advisors LLC lifted its stake in Dillard’s, Inc. (NYSE:DDS) by 480.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,352 shares of the company’s stock after acquiring an additional 1,119 shares during the period. NewEdge Advisors LLC’s holdings in Dillard’s were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDS. Rockefeller Capital Management L.P. increased its holdings in Dillard’s by 108.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after buying an additional 25 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Dillard’s during the fourth quarter worth about $29,000. Quarry LP acquired a new stake in Dillard’s during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after acquiring an additional 63 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DDS shares. Weiss Ratings downgraded Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. UBS Group raised their price target on Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a research report on Monday. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research report on Monday. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $545.67.

Dillard’s Stock Up 5.3%

DDS opened at $615.84 on Thursday. The stock has a market cap of $9.62 billion, a PE ratio of 14.11 and a beta of 1.15. The stock’s fifty day simple moving average is $571.88 and its 200 day simple moving average is $586.83. Dillard’s, Inc. has a 1-year low of $495.00 and a 1-year high of $741.97. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 13th. The company reported $6.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $1.96. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. As a group, research analysts expect that Dillard’s, Inc. will post 35.98 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.75%.

Insider Transactions at Dillard’s

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 34.80% of the stock is owned by corporate insiders.

Dillard’s Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.