Squarepoint Ops LLC Acquires 16,901 Shares of Dillard’s, Inc. $DDS

Squarepoint Ops LLC increased its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 101.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,581 shares of the company’s stock after acquiring an additional 16,901 shares during the quarter. Squarepoint Ops LLC owned about 0.21% of Dillard’s worth $17,745,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DDS. EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 17.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock valued at $67,000 after purchasing an additional 16 shares during the last quarter. Cetera Investment Advisers boosted its stake in Dillard’s by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock valued at $242,000 after purchasing an additional 16 shares during the period. New York State Common Retirement Fund boosted its stake in Dillard’s by 0.9% in the 4th quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock valued at $1,048,000 after purchasing an additional 16 shares during the period. Virtu Financial LLC grew its holdings in Dillard’s by 1.1% in the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after buying an additional 17 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew 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 in the last quarter. Institutional investors own 67.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. Weiss Ratings cut Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research report on Monday, August 17th. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $545.67.

Dillard’s Stock Down 2.9%

Shares of NYSE:DDS opened at $626.10 on Thursday. Dillard’s, Inc. has a 52-week low of $503.06 and a 52-week high of $741.97. The company has a market capitalization of $9.78 billion, a PE ratio of 14.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03. The company has a fifty day moving average of $592.10 and a 200-day moving average of $585.55.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. On average, equities analysts predict that Dillard’s, Inc. will post 35.5 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 2.75%.

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.