Dillard’s, Inc. $DDS Shares Acquired by Steel Grove Capital Advisors LLC

by · The Markets Daily

Steel Grove Capital Advisors LLC lifted its holdings in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) by 23.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,102 shares of the company’s stock after buying an additional 789 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Dillard’s were worth $2,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wedge Capital Management L L P NC grew its holdings in shares of Dillard’s by 6.4% during the second quarter. Wedge Capital Management L L P NC now owns 65,318 shares of the company’s stock valued at $34,515,000 after purchasing an additional 3,907 shares during the last quarter. CPC Advisors LLC bought a new stake in shares of Dillard’s in the 1st quarter worth approximately $1,938,000. Monument Capital Management bought a new stake in shares of Dillard’s in the 3rd quarter worth approximately $2,675,000. Wellington Management Group LLP bought a new stake in shares of Dillard’s in the 2nd quarter worth approximately $1,726,000. Finally, Squarepoint Ops LLC boosted its position in Dillard’s by 101.3% during the 2nd quarter. Squarepoint Ops LLC now owns 33,581 shares of the company’s stock valued at $17,745,000 after purchasing an additional 16,901 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Stock Performance

NYSE DDS traded down $6.97 on Tuesday, hitting $635.32. The stock had a trading volume of 37,641 shares, compared to its average volume of 138,635. Dillard’s, Inc. has a one year low of $503.06 and a one year high of $741.97. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 14.57 and a beta of 1.11. The company’s 50-day moving average is $637.09 and its two-hundred day moving average is $593.97.

Dillard’s (NYSE:DDS – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $1.96. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. On average, analysts expect that Dillard’s, Inc. will post 35.50 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Dillard’s’s dividend payout ratio is 2.75%.

Analyst Ratings Changes

DDS has been the subject of a number of recent research reports. UBS Group upped their price objective on Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a research note on Monday, August 17th. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. raised their target price on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research note on Monday, August 17th. Weiss Ratings downgraded shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Finally, Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $545.67.

Get Our Latest Report on Dillard’s

Dillard’s Company Profile

(Free Report)

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.

Further Reading

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