Trexquant Investment LP Has $828,000 Position in Dillard's, Inc. $DDS

Key Points

• Trexquant Investment LP has reduced its stake in Dillard's, Inc. by 40.6%, owning 2,313 shares worth $828,000 after selling 1,578 shares in the first quarter.
• Dillard's recently announced a quarterly dividend increase to $0.30 per share, up from $0.25, with a payment scheduled for November 3rd.
• The company reported earnings per share (EPS) of $4.66 for the quarter, exceeding analyst expectations of $3.79, and revenue of $1.51 billion.

Trexquant Investment LP decreased its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 40.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,313 shares of the company's stock after selling 1,578 shares during the quarter. Trexquant Investment LP's holdings in Dillard's were worth $828,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Dillard's by 62.3% during the first quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock valued at $35,000 after purchasing an additional 38 shares during the period. Whipplewood Advisors LLC grew its holdings in Dillard's by 2,980.0% during the first quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after purchasing an additional 149 shares during the period. Farther Finance Advisors LLC grew its holdings in Dillard's by 986.7% during the first quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock valued at $59,000 after purchasing an additional 148 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in Dillard's during the fourth quarter valued at approximately $70,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Dillard's by 7,566.7% in the first quarter. Versant Capital Management Inc now owns 230 shares of the company's stock valued at $82,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dillard's Stock Performance

NYSE DDS traded down $13.65 on Friday, hitting $572.31. 20,516 shares of the stock were exchanged, compared to its average volume of 142,681. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $586.10. The company has a market capitalization of $8.95 billion, a PE ratio of 15.79 and a beta of 0.99. The business's fifty day moving average is $497.90 and its 200 day moving average is $416.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.13.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.55%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company earned $11.09 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Increases Dividend

The business also recently disclosed 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 an increase from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, September 30th. Dillard's's dividend payout ratio is presently 3.31%.

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.