AlphaQuest LLC Grows Stake in Dillard's, Inc. $DDS

Key Points

• AlphaQuest LLC significantly increased its holdings in Dillard's, Inc. by 4,784.4% during the first quarter, owning 1,563 shares valued at approximately $560,000.
• Several institutional investors, including PNC Financial Services and Whipplewood Advisors, also boosted their positions in Dillard's, indicating strong interest from the investment community.
• Dillard's reported earnings of $4.66 per share for the last quarter, exceeding analyst estimates, with a revenue of $1.51 billion, representing a 1.6% year-over-year increase.

AlphaQuest LLC grew its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 4,784.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,563 shares of the company's stock after purchasing an additional 1,531 shares during the quarter. AlphaQuest LLC's holdings in Dillard's were worth $560,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Martingale Asset Management L P boosted its position in shares of Dillard's by 50.7% during the 1st quarter. Martingale Asset Management L P now owns 10,201 shares of the company's stock valued at $3,653,000 after purchasing an additional 3,430 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Dillard's by 52.0% during the 1st quarter. Hsbc Holdings PLC now owns 1,538 shares of the company's stock worth $551,000 after buying an additional 526 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Dillard's during the 1st quarter worth approximately $680,000. Quantbot Technologies LP boosted its stake in Dillard's by 1,231.0% during the first quarter. Quantbot Technologies LP now owns 18,754 shares of the company's stock worth $6,716,000 after acquiring an additional 17,345 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Dillard's by 84.1% during the first 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 in the last quarter. Institutional investors own 67.15% of the company's stock.

Dillard's Stock Down 2.8%

Dillard's stock traded down $15.14 during midday trading on Friday, hitting $531.98. 114,599 shares of the stock were exchanged, compared to its average volume of 145,424. Dillard's, Inc. has a 52-week low of $282.24 and a 52-week high of $553.18. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 14.67 and a beta of 1.06. The business's 50-day moving average price is $472.51 and its 200-day moving average price is $412.61. 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 (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the company earned $11.09 earnings per share. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, research analysts expect that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Increases Dividend

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

Wall Street Analysts Forecast Growth

DDS has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday. Telsey Advisory Group increased their target price on Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a report on Friday, August 15th. UBS Group increased their target price on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Dillard's currently has a consensus rating of "Sell" and an average 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.