California State Teachers Retirement System Has $919.22 Million Holdings in Dillard's, Inc. $DDS

Key Points

• California State Teachers Retirement System dramatically increased its Dillard’s stake by 41,908.2% in the second quarter, owning 1.74 million shares valued at approximately $919.2 million, or 11.14% of the company.
• Dillard’s reported strong quarterly results, with earnings of $6.25 per share versus the $4.29 analyst consensus and revenue of $1.53 billion. The company also declared a quarterly dividend of $0.30 per share.
• Despite the earnings beat, analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and an average price target of $545.67, below its reported trading price of $651.23.

California State Teachers Retirement System raised its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 41,908.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,739,559 shares of the company's stock after acquiring an additional 1,735,418 shares during the period. California State Teachers Retirement System owned about 11.14% of Dillard's worth $919,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dillard's by 28,394.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company's stock valued at $137,354,000 after acquiring an additional 225,734 shares during the period. Norges Bank bought a new position in shares of Dillard's in the fourth quarter worth $36,598,000. Balyasny Asset Management L.P. acquired a new position in Dillard's in the third quarter valued at about $31,813,000. Arrowstreet Capital Limited Partnership raised its stake in Dillard's by 1,331.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 40,715 shares of the company's stock valued at $23,293,000 after purchasing an additional 37,871 shares in the last quarter. Finally, Man Group plc lifted its position in Dillard's by 464.3% during the third quarter. Man Group plc now owns 38,806 shares of the company's stock worth $23,846,000 after purchasing an additional 31,929 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Dillard's Trading Up 0.1%

DDS opened at $651.23 on Monday. Dillard's, Inc. has a twelve month low of $503.06 and a twelve month high of $741.97. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $595.77 and a 200-day moving average of $585.25. The stock has a market cap of $10.17 billion, a PE ratio of 14.92 and a beta of 1.15.

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

Dillard's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard's's dividend payout ratio (DPR) is 2.75%.

Wall Street Analysts Forecast Growth

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

Dillard's Company Profile

Dillard's, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard's also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.

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