Charles Schwab Investment Management Inc. Has $16.32 Million Stock Holdings in Dillard's, Inc. $DDS

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Dillard's, Inc. by 6.2%, now holding approximately 45,581 shares valued at $16.3 million.
• Multiple hedge funds have increased their positions in Dillard's, with Millennium Management LLC notably raising its holdings by 3,989.8% during the fourth quarter.
• Dillard's recently announced a dividend increase to $0.30 per share, reflecting a 20% rise from the previous quarterly dividend.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,581 shares of the company's stock after selling 3,001 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.29% of Dillard's worth $16,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Beacon Pointe Advisors LLC increased its holdings in shares of Dillard's by 0.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock valued at $65,951,000 after acquiring an additional 480 shares during the last quarter. First Trust Advisors LP lifted its holdings in Dillard's by 47.0% in the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock worth $35,307,000 after purchasing an additional 26,132 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 purchasing an additional 641 shares during the last quarter. Millennium Management LLC lifted 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 purchasing an additional 36,866 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of Dillard's by 218.3% in the fourth quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock valued at $11,471,000 after purchasing an additional 18,221 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DDS shares. Wall Street Zen upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. UBS Group boosted their price objective on shares of Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research note on Friday, August 15th. Finally, Telsey Advisory Group boosted their price objective on shares of Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Sell" and an average target price of $394.33.

Dillard's Stock Performance

Dillard's stock traded down $0.38 during mid-day trading on Thursday, reaching $548.17. The company had a trading volume of 162,131 shares, compared to its average volume of 142,536. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $553.18. The company has a 50 day moving average of $469.98 and a 200-day moving average of $412.39. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 15.12 and a beta of 1.06.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm earned $11.09 EPS. The business's revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts expect that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be issued a $0.30 dividend. This is a boost from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's 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.