Steel Grove Capital Advisors LLC Reduces Holdings in Dillard’s, Inc. $DDS

by · The Cerbat Gem

Steel Grove Capital Advisors LLC reduced its position in Dillard’s, Inc. (NYSE:DDS – Free Report) by 44.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,051 shares of the company’s stock after selling 2,426 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Dillard’s were worth $1,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DDS. JPMorgan Chase & Co. grew its holdings in shares of Dillard’s by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 28,681 shares of the company’s stock worth $17,624,000 after buying an additional 5,604 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Dillard’s by 16.9% in the fourth 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 in the last quarter. American Century Companies Inc. lifted its stake in shares of Dillard’s by 15.4% in the third quarter. American Century Companies Inc. now owns 50,010 shares of the company’s stock worth $30,730,000 after buying an additional 6,682 shares in the last quarter. Monument Capital Management lifted its stake 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 worth $2,545,000 after buying an additional 3,741 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Dillard’s in the fourth quarter worth about $1,423,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analysts Set New Price Targets

DDS has been the topic of several research reports. UBS Group raised their price target on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dillard’s in a report on Friday. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Dillard’s has an average rating of “Reduce” and an average price target of $521.33.

Get Our Latest Report on DDS

Dillard’s Trading Up 2.7%

Shares of DDS stock opened at $576.81 on Wednesday. The company’s 50-day moving average price is $574.30 and its 200-day moving average price is $617.31. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 13.71 and a beta of 1.17. Dillard’s, Inc. has a twelve month low of $386.85 and a twelve month high of $741.97.

Dillard’s (NYSE:DDS – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping the consensus estimate of $10.13 by $5.91. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $10.39 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that Dillard’s, Inc. will post 33.2 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Dillard’s’s dividend payout ratio is 2.85%.

Dillard’s Profile

(Free Report)

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.

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