2,460 Shares in Dillard's, Inc. $DDS Acquired by NewEdge Wealth LLC

Key Points

• NewEdge Wealth acquired 2,460 Dillard’s shares in the first quarter, valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 67.15% of the company.
• Dillard’s reported a strong quarterly performance, with EPS of $16.04 versus the $10.13 consensus estimate and revenue of $1.59 billion, up 2.7% year over year.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and a price target of $521.33. The company declared a quarterly dividend of $0.30 per share, equivalent to a 0.2% annual yield.

NewEdge Wealth LLC bought a new stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,460 shares of the company's stock, valued at approximately $1,407,000.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in shares of Dillard's by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company's stock worth $29,000 after purchasing an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Dillard's during the 4th quarter valued at $29,000. Quarry LP acquired a new stake in shares of Dillard's in the 3rd quarter worth $33,000. EverSource Wealth Advisors LLC boosted its position in shares of Dillard's by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock worth $37,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in Dillard's by 6,300.0% during the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company's stock worth $39,000 after buying an additional 63 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen lowered Dillard's from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings downgraded Dillard's from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, June 23rd. Zacks Research upgraded Dillard's from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 29th. Finally, UBS Group upped their price objective on shares of Dillard's from $460.00 to $465.00 and gave the company a "sell" rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Dillard's has a consensus rating of "Hold" and a consensus price target of $521.33.

Insider Buying and Selling at Dillard's

In other news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the transaction, the director directly owned 10,150 shares of the company's stock, valued at approximately $6,183,177. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 34.80% of the company's stock.

Dillard's Price Performance

Shares of DDS opened at $568.95 on Monday. The firm has a market capitalization of $8.89 billion, a PE ratio of 13.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20. Dillard's, Inc. has a 1-year low of $449.64 and a 1-year high of $741.97. The company's fifty day moving average price is $563.04 and its 200-day moving average price is $592.94.

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

Dillard's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard's's dividend payout ratio is currently 2.85%.

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.

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