Dillard’s, Inc. $DDS Shares Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its position in Dillard’s, Inc. (NYSE:DDS) by 65.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,627 shares of the company’s stock after purchasing an additional 6,169 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Dillard’s were worth $9,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Dillard’s in the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the period. Global Retirement Partners LLC increased its position in Dillard’s by 6,300.0% during the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Dillard’s by 110.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Dillard’s in the second quarter valued at approximately $55,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the sale, the director owned 10,150 shares in the company, valued at $6,183,177. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 34.80% of the company’s stock.

Dillard’s Price Performance

DDS opened at $608.19 on Wednesday. Dillard’s, Inc. has a twelve month low of $394.70 and a twelve month high of $741.97. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 14.46 and a beta of 1.16. The company has a current ratio of 2.37, a quick ratio of 1.31 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $579.47 and a 200 day simple moving average of $616.48.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $16.04 EPS for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.39 EPS. Equities research analysts expect that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio is currently 2.85%.

Analysts Set New Price Targets

DDS has been the topic of a number of recent research reports. Weiss Ratings raised shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. UBS Group lifted their target price on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $521.33.

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.