Caxton Associates LLP Makes New $719,000 Investment in Dillard's, Inc. $DDS

Key Points

• Caxton Associates LLP recently acquired 2,008 shares of Dillard's, Inc. valued at approximately $719,000, indicating growing interest from institutional investors in the company's stock.
• Dillard's reported earnings of $4.66 per share, surpassing analysts' expectations of $3.79, reflecting a revenue of $1.51 billion for the quarter.
• The company has announced an increase in its quarterly dividend from $0.25 to $0.30 per share, with a yield of 0.2% for investors of record.

Caxton Associates LLP bought a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,008 shares of the company's stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DDS. New Vernon Capital Holdings II LLC increased its position in Dillard's by 26,618.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock worth $66,694,000 after purchasing an additional 185,531 shares in the last quarter. Millennium Management LLC boosted its holdings in Dillard's by 3,989.8% in the 4th quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after acquiring an additional 36,866 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Dillard's by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock worth $23,687,000 after acquiring an additional 28,468 shares during the period. Summit Street Capital Management LLC purchased a new position in Dillard's in the 4th quarter worth approximately $9,155,000. Finally, Northern Trust Corp boosted its holdings in Dillard's by 84.1% in the 1st quarter. Northern Trust Corp now owns 46,416 shares of the company's stock worth $16,623,000 after acquiring an additional 21,199 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Ratings Changes

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

Dillard's Stock Performance

DDS stock traded down $2.34 during mid-day trading on Tuesday, reaching $584.54. The company had a trading volume of 29,623 shares, compared to its average volume of 142,360. The stock has a market capitalization of $9.14 billion, a P/E ratio of 16.16 and a beta of 0.99. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. Dillard's, Inc. has a one year low of $282.24 and a one year high of $590.52. The stock's 50-day simple moving average is $502.94 and its two-hundred day simple moving average is $419.17.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company 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 company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard's's dividend payout ratio is presently 2.76%.

About Dillard's

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.