CCM Investment Group LLC Buys New Stake in Dillard's, Inc. (NYSE:DDS)

Key Points

• CCM Investment Group LLC acquired 1,482 shares of Dillard's, valued at approximately $531,000, during the 1st quarter, contributing to a larger trend of institutional investments in the company.
• Several brokerages have recently adjusted their ratings and price targets for Dillard's, with JPMorgan Chase raising the target from $368 to $458 while maintaining an "underweight" rating.
• Dillard's reported a strong earnings per share of $10.39, exceeding estimates, and also declared a quarterly dividend of $0.25 per share, indicating steady financial performance.

CCM Investment Group LLC acquired 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 institutional investor acquired 1,482 shares of the company's stock, valued at approximately $531,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DDS. Millennium Management LLC raised its stake in Dillard's by 3,989.8% during the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock valued at $16,315,000 after buying an additional 36,866 shares in the last quarter. First Trust Advisors LP raised its stake in Dillard's by 47.0% during the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after buying an additional 26,132 shares in the last quarter. Summit Street Capital Management LLC acquired a new stake in Dillard's during the fourth quarter valued at approximately $9,155,000. Gotham Asset Management LLC raised its stake in Dillard's by 218.3% during the fourth quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock valued at $11,471,000 after buying an additional 18,221 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Dillard's during the first quarter valued at approximately $5,571,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Performance

Shares of Dillard's stock traded up $6.03 on Thursday, reaching $503.96. 270,966 shares of the company were exchanged, compared to its average volume of 142,958. 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 company's 50-day moving average is $443.50 and its two-hundred day moving average is $408.53. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 13.93 and a beta of 1.06. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $533.23.

Dillard's (NYSE:DDS - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19. Dillard's had a return on equity of 30.52% and a net margin of 8.93%. During the same period in the previous year, the company posted $11.09 EPS. The company's revenue was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Monday, June 30th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 30th. Dillard's's dividend payout ratio (DPR) is currently 2.76%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DDS. UBS Group increased 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. Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. increased their price target on Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research report on Friday, May 16th.

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.