Corient Private Wealth LLC Buys 1,225 Shares of Dillard’s, Inc. $DDS

Corient Private Wealth LLC grew its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 157.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,001 shares of the company’s stock after buying an additional 1,225 shares during the quarter. Corient Private Wealth LLC’s holdings in Dillard’s were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in Dillard’s by 9.1% in the 4th quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock worth $116,000 after acquiring an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Dillard’s by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock worth $67,000 after purchasing an additional 16 shares during the period. Cetera Investment Advisers grew its stake in shares of Dillard’s by 4.2% in the fourth quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock worth $242,000 after purchasing an additional 16 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Dillard’s by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after purchasing an additional 16 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in Dillard’s by 1.1% during the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after purchasing an additional 17 shares during the period. Institutional investors own 67.15% of the company’s stock.

Dillard’s Trading Up 2.3%

Shares of NYSE DDS opened at $540.36 on Thursday. Dillard’s, Inc. has a 1 year low of $424.86 and a 1 year high of $741.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20. The firm has a 50-day moving average of $572.74 and a 200 day moving average of $604.46. The stock has a market cap of $8.44 billion, a P/E ratio of 12.85 and a beta of 1.15.

Dillard’s (NYSE:DDS) last announced its 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. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $10.39 earnings per share. As a group, sell-side analysts expect that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders 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 yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

Insider Buying and Selling at Dillard’s

In related news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 of the company’s stock, valued at $6,183,177. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DDS shares. UBS Group increased their price objective on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $521.33.

About Dillard’s

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.