3,993 Shares of Dillard's, Inc. $DDS Acquired by Monument Capital Management

Key Points

• Monument Capital Management acquired 3,993 shares of Dillard’s in the third quarter, valued at approximately $2.675 million. Institutional investors collectively own 67.15% of the retailer.
• Dillard’s recently reported stronger-than-expected quarterly results, with EPS of $6.25 versus the $4.29 consensus and revenue of $1.53 billion. Analysts expect full-year earnings of approximately $35.50 per share.
• The stock opened at $648.82, while analysts maintain a cautious outlook: Dillard’s has an average “Reduce” rating and a consensus price target of $545.67. The company also declared a quarterly dividend of $0.30 per share.

Monument Capital Management bought a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,993 shares of the company's stock, valued at approximately $2,675,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC grew its stake in shares of Dillard's by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company's stock worth $981,000 after acquiring an additional 17 shares during the period. GAMMA Investing LLC raised its holdings in shares of Dillard's by 17.8% during the third quarter. GAMMA Investing LLC now owns 126 shares of the company's stock valued at $84,000 after purchasing an additional 19 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Dillard's by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company's stock valued at $29,000 after purchasing an additional 25 shares during the period. Parallel Advisors LLC lifted its position in Dillard's by 6.8% during the first quarter. Parallel Advisors LLC now owns 394 shares of the company's stock valued at $225,000 after purchasing an additional 25 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Dillard's by 29.1% in the first quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company's stock worth $81,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 67.15% of the company's stock.

Dillard's Trading Down 0.1%

Shares of Dillard's stock opened at $648.82 on Friday. Dillard's, Inc. has a 1-year low of $503.06 and a 1-year high of $741.97. The company's fifty day simple moving average is $635.42 and its 200-day simple moving average is $592.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The stock has a market capitalization of $10.13 billion, a PE ratio of 14.86 and a beta of 1.11.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. Dillard's had a return on equity of 31.88% and a net margin of 10.48%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. As a group, equities analysts anticipate that Dillard's, Inc. will post 35.5 earnings per share for the current year.

Dillard's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard's's dividend payout ratio is presently 2.75%.

Wall Street Analyst Weigh In

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

Dillard's Profile

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.

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