Sowell Financial Services LLC Invests $266,000 in Dillard's, Inc. (NYSE:DDS)

Sowell Financial Services LLC purchased a new stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 744 shares of the company's stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Steel Grove Capital Advisors LLC raised its holdings in Dillard's by 0.7% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 4,314 shares of the company's stock worth $1,863,000 after purchasing an additional 29 shares in the last quarter. Stifel Financial Corp grew its position in shares of Dillard's by 0.6% in the 4th quarter. Stifel Financial Corp now owns 5,136 shares of the company's stock worth $2,216,000 after buying an additional 31 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Dillard's by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock valued at $338,000 after acquiring an additional 68 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Dillard's by 2.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 3,042 shares of the company's stock valued at $1,313,000 after acquiring an additional 72 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DDS shares. UBS Group upped their price target on Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research report on Friday, May 16th. Telsey Advisory Group restated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Dillard's Stock Performance

DDS stock traded up $1.46 during trading on Wednesday, reaching $408.97. The company had a trading volume of 81,398 shares, compared to its average volume of 145,975. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 11.30 and a beta of 1.00. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. The firm has a 50-day simple moving average of $380.75 and a 200-day simple moving average of $405.77.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $10.39 EPS for the quarter, topping the consensus estimate of $9.10 by $1.29. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $11.10 earnings per share. As a group, sell-side analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.24%. Dillard's's payout ratio is presently 2.76%.

Dillard's Profile

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.