American Century Companies Inc. Acquires 1,191 Shares of Dillard's, Inc. $DDS

Key Points

• American Century Companies Inc. increased its stake in Dillard's, Inc. by 2.9% in the first quarter, now owning approximately 0.27% of the company worth $15.24 million.
• Dillard's recently reported earnings of $4.66 EPS, surpassing expectations, and has seen a revenue increase of 1.6% year-over-year, totaling $1.51 billion for the quarter.
• The company announced a quarterly dividend increase from $0.25 to $0.30, representing a 0.2% annual yield, to be paid on November 3rd.

American Century Companies Inc. lifted its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,555 shares of the company's stock after buying an additional 1,191 shares during the quarter. American Century Companies Inc. owned about 0.27% of Dillard's worth $15,240,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DDS. Wells Fargo & Company MN lifted its stake in shares of Dillard's by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after buying an additional 68 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dillard's during the 4th quarter worth about $556,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Dillard's by 68.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 3,025 shares of the company's stock worth $1,303,000 after buying an additional 1,228 shares during the last quarter. Stifel Financial Corp raised its stake in Dillard's by 0.6% in the 4th quarter. Stifel Financial Corp now owns 5,136 shares of the company's stock worth $2,216,000 after purchasing an additional 31 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Dillard's in the 4th quarter worth about $439,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Price Performance

DDS stock traded down $15.14 during mid-day trading on Friday, hitting $531.98. The stock had a trading volume of 114,599 shares, compared to its average volume of 145,424. The company has a current ratio of 2.41, a quick ratio of 1.13 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 firm has a market capitalization of $8.32 billion, a P/E ratio of 14.67 and a beta of 1.06. The firm has a fifty day simple moving average of $472.51 and a 200 day simple moving average of $412.04.

Dillard's (NYSE:DDS - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.79 by $0.87. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $11.09 EPS. As a group, research analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Increases Dividend

The business also recently declared 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. 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 dividend yield of 0.2%. Dillard's's payout ratio is presently 2.76%.

Wall Street Analyst Weigh In

Several analysts have weighed in on DDS shares. Telsey Advisory Group lifted 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. UBS Group lifted 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. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Sell" and a consensus target price of $394.33.

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.