Baron Wealth Management LLC Acquires New Shares in Dillard's, Inc. $DDS

Key Points

• Baron Wealth Management LLC has acquired 627 shares of Dillard's, Inc., valued at approximately $262,000, during the second quarter.
• Dillard's has announced an increase in its quarterly dividend from $0.25 to $0.30, with payment scheduled for November 3rd.
• Analysts have mixed ratings for Dillard's, with one rating it a "Hold" and two giving it a "Sell" rating, resulting in an average target price of $394.33.

Baron Wealth Management LLC bought a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 627 shares of the company's stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DDS. New Vernon Capital Holdings II LLC grew its stake in Dillard's by 26,618.5% during the first quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock worth $66,694,000 after buying an additional 185,531 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Dillard's by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 77,691 shares of the company's stock worth $27,823,000 after buying an additional 641 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Dillard's by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after purchasing an additional 28,468 shares during the last quarter. Northern Trust Corp lifted its position in Dillard's by 84.1% in the 1st quarter. Northern Trust Corp now owns 46,416 shares of the company's stock valued at $16,623,000 after purchasing an additional 21,199 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Dillard's by 18.3% in the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company's stock valued at $16,009,000 after purchasing an additional 6,913 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DDS shares. UBS Group lifted their target price on shares of Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Telsey Advisory Group upped their target price on shares of Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research report on Friday, August 15th. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, JPMorgan Chase & Co. increased their price objective on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Dillard's currently has an average rating of "Sell" and an average target price of $394.33.

Dillard's Stock Up 0.1%

Shares of NYSE DDS traded up $0.81 during mid-day trading on Friday, hitting $602.88. 168,869 shares of the stock traded hands, compared to its average volume of 126,823. The stock has a fifty day moving average price of $515.97 and a 200-day moving average price of $425.27. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 16.63 and a beta of 0.99. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $610.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.68.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. The business 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 in the previous year, the business earned $11.09 earnings per share. Research analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Increases Dividend

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

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.