OMERS ADMINISTRATION Corp Has $3.86 Million Holdings in Dillard's, Inc. $DDS

Key Points

• OMERS ADMINISTRATION Corp significantly increased its stake in Dillard's, Inc. by 299.1%, owning approximately 0.07% of the company valued at $3.86 million as of the latest reporting period.
• Dillard's reported $4.66 EPS for its last quarterly earnings, exceeding expectations and indicating a 1.6% revenue increase year-over-year.
• The company declared an upcoming quarterly dividend increase to $0.30 per share, marking a rise from its previous dividend of $0.25.

OMERS ADMINISTRATION Corp grew its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 299.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,776 shares of the company's stock after purchasing an additional 8,076 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.07% of Dillard's worth $3,859,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of Dillard's during the first quarter valued at $266,000. Sequoia Financial Advisors LLC boosted its stake in Dillard's by 3.5% during the first quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock valued at $375,000 after buying an additional 35 shares in the last quarter. Raymond James Financial Inc. bought a new position in Dillard's during the fourth quarter valued at about $556,000. Wells Fargo & Company MN boosted its stake in Dillard's by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock valued at $338,000 after buying an additional 68 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Dillard's by 47,109.1% during the first quarter. GAMMA Investing LLC now owns 10,386 shares of the company's stock valued at $3,720,000 after buying an additional 10,364 shares in the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard's Trading Down 2.8%

Shares of NYSE:DDS traded down $15.14 during midday trading on Friday, reaching $531.98. The company had a trading volume of 114,599 shares, compared to its average volume of 145,426. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $553.18. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 14.67 and a beta of 0.99. The company has a fifty day simple moving average of $472.51 and a two-hundred day simple moving average of $411.44.

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, beating analysts' consensus estimates of $3.79 by $0.87. Dillard's had a return on equity of 30.74% and a net margin of 8.87%.The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $11.09 EPS. Dillard's's revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts predict that Dillard's, Inc. will post 33.25 earnings per share 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 given a $0.30 dividend. This is a positive change from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard's's dividend payout ratio is 2.76%.

Analyst Ratings Changes

Several brokerages recently weighed in on DDS. UBS Group raised their target price on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Wall Street Zen cut Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday. Telsey Advisory Group raised their target price on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. raised their target price on Dillard's from $368.00 to $458.00 and gave the company 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 company. According to MarketBeat, Dillard's currently has a consensus rating of "Sell" and an average price target 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.