3,681 Shares in Dillard's, Inc. $DDS Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. has made a significant investment in Dillard's, purchasing 3,681 shares valued at approximately $1.3 million during the first quarter of the year.
• Dillard's has announced an increase in its quarterly dividend to $0.30 per share, representing a yield of 0.2%, with the new dividend set to be paid on November 3rd to shareholders of record on September 30th.
• Dillard's stock price rose by 3.0% recently, trading at $585.90, while the company reported earnings of $4.66 per share for the last quarter, exceeding estimates by $0.87.

Advisors Asset Management Inc. acquired a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 3,681 shares of the company's stock, valued at approximately $1,318,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perbak Capital Partners LLP purchased a new position in Dillard's in the 1st quarter valued at $309,000. Dark Forest Capital Management LP grew its position in Dillard's by 966.9% in the 1st quarter. Dark Forest Capital Management LP now owns 13,816 shares of the company's stock valued at $4,948,000 after buying an additional 12,521 shares during the last quarter. Royal Bank of Canada grew its position in Dillard's by 322.9% in the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company's stock valued at $1,257,000 after buying an additional 2,680 shares during the last quarter. Vident Advisory LLC lifted its holdings in Dillard's by 2.9% in the first quarter. Vident Advisory LLC now owns 4,225 shares of the company's stock valued at $1,513,000 after acquiring an additional 121 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Dillard's in the first quarter valued at $461,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard's Price Performance

Shares of NYSE:DDS traded down $6.42 during midday trading on Friday, hitting $579.55. 69,636 shares of the stock were exchanged, compared to its average volume of 142,991. The stock has a market cap of $9.06 billion, a P/E ratio of 16.01 and a beta of 0.99. The company has a current ratio of 2.68, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $586.10. The company has a 50 day moving average price of $497.90 and a 200-day moving average price of $416.97.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $4.66 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $0.87. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $11.09 EPS. On average, research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be issued a $0.30 dividend. This is a positive change from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is presently 3.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DDS shares. JPMorgan Chase & Co. raised their target price on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Telsey Advisory Group raised their target price on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a report on Friday, August 15th. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, UBS Group raised their target price on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dillard's presently has a consensus rating of "Sell" and an average price target of $394.33.

About Dillard's

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.