Gotham Asset Management LLC Purchases 7,123 Shares of Dillard’s, Inc. $DDS

Gotham Asset Management LLC raised its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 10.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 73,642 shares of the company’s stock after buying an additional 7,123 shares during the period. Gotham Asset Management LLC’s holdings in Dillard’s were worth $44,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Dillard’s by 24.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,681 shares of the company’s stock valued at $17,624,000 after buying an additional 5,604 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Dillard’s by 16.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,794 shares of the company’s stock worth $11,289,000 after buying an additional 2,575 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dillard’s by 15.4% in the 3rd quarter. American Century Companies Inc. now owns 50,010 shares of the company’s stock valued at $30,730,000 after acquiring an additional 6,682 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Dillard’s in the 4th quarter valued at about $1,423,000. Finally, Monument Capital Management increased its position in shares of Dillard’s by 818.6% in the fourth quarter. Monument Capital Management now owns 4,198 shares of the company’s stock valued at $2,545,000 after acquiring an additional 3,741 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dillard’s

In related news, Director J C. Watts, Jr. sold 400 shares of the company’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 transaction, the director owned 10,150 shares in the company, valued at approximately $6,183,177. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 34.80% of the company’s stock.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $559.12 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $8.73 billion, a P/E ratio of 13.29 and a beta of 1.16. Dillard’s, Inc. has a 12 month low of $396.98 and a 12 month high of $741.97. The stock has a 50 day moving average of $580.75 and a 200-day moving average of $614.05.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business earned $10.39 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Dillard’s, Inc. will post 35.26 EPS for the current year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DDS. Telsey Advisory Group reduced their price target on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research report on Wednesday, February 25th. Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. dropped their price target on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings upgraded shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $521.33.

Dillard’s Company 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.