Allspring Global Investments Holdings LLC Invests $5.92 Million in Dillard's, Inc. $DDS

Key Points

• Allspring Global Investments Holdings LLC acquired a new position in Dillard's, purchasing 13,138 shares valued at approximately $5.92 million during the second quarter.
• Dillard's recently reported earnings per share of $4.66, exceeding analysts' expectations, with a revenue increase of 1.6% compared to the same quarter last year.
• The company announced an increase in its quarterly dividend to $0.30 per share, with a payout ratio of 3.31%, signaling confidence in its financial performance.

Allspring Global Investments Holdings LLC bought a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,138 shares of the company's stock, valued at approximately $5,919,000. Allspring Global Investments Holdings LLC owned approximately 0.08% of Dillard's as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DDS. PNC Financial Services Group Inc. grew its holdings in shares of Dillard's by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock worth $35,000 after purchasing an additional 38 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Dillard's by 220.7% during the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company's stock worth $39,000 after buying an additional 64 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Dillard's by 110.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock worth $50,000 after buying an additional 73 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Dillard's by 986.7% during the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock worth $59,000 after buying an additional 148 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Dillard's by 186.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 229 shares of the company's stock worth $82,000 after buying an additional 149 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director J C. Watts, Jr. sold 750 shares of the firm's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $594.60, for a total transaction of $445,950.00. Following the completion of the transaction, the director directly owned 10,250 shares in the company, valued at $6,094,650. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 34.80% of the stock is owned by company insiders.

Dillard's Price Performance

Dillard's stock opened at $592.87 on Monday. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $9.27 billion, a PE ratio of 16.35 and a beta of 1.09. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $637.73. The stock has a 50-day moving average price of $571.04 and a two-hundred day moving average price of $460.16.

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

Dillard's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. Dillard's's dividend payout ratio is 3.31%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DDS shares. UBS Group upped their price objective on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Zacks Research downgraded Dillard's from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. Weiss Ratings restated a "hold (c)" rating on shares of Dillard's in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $394.33.

Dillard's Company 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.

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