Dimensional Fund Advisors LP Lowers Position in Dillard's, Inc. $DDS

Key Points

• Dimensional Fund Advisors LP reduced its stake in Dillard's, Inc. by 4.4%, now holding 305,507 shares valued at approximately $109 million.
• Dillard's recently reported earnings of $4.66 per share, exceeding expectations, with revenue increasing 1.6% year-over-year to $1.51 billion.
• The company announced a quarterly dividend increase from $0.25 to $0.30 per share, representing an annual yield of 0.2%.

Dimensional Fund Advisors LP cut its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 305,507 shares of the company's stock after selling 13,916 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.92% of Dillard's worth $109,409,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased its position in shares of Dillard's by 0.6% during the 4th quarter. Stifel Financial Corp now owns 5,136 shares of the company's stock valued at $2,216,000 after purchasing an additional 31 shares during the last quarter. US Bancorp DE increased its position in shares of Dillard's by 12.3% during the 1st quarter. US Bancorp DE now owns 293 shares of the company's stock valued at $105,000 after purchasing an additional 32 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Dillard's by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock valued at $375,000 after purchasing an additional 35 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Dillard's by 62.3% during the 1st 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 last quarter. Finally, Signaturefd LLC grew its position in Dillard's by 26.2% during the 1st quarter. Signaturefd LLC now owns 284 shares of the company's stock worth $102,000 after acquiring an additional 59 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Dillard's Trading Up 3.8%

NYSE DDS traded up $20.19 on Wednesday, hitting $545.51. The company's stock had a trading volume of 134,750 shares, compared to its average volume of 143,385. Dillard's, Inc. has a 52-week low of $282.24 and a 52-week high of $546.36. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The company's 50-day simple moving average is $463.96 and its 200 day simple moving average is $411.04. The firm has a market cap of $8.53 billion, a P/E ratio of 15.07 and a beta of 1.06.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $1.50 billion. During the same quarter last year, the business posted $11.09 EPS. The business's revenue was up 1.6% on a year-over-year basis. Research analysts predict that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Increases Dividend

The firm 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. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is 3.31%.

Analyst Ratings Changes

DDS has been the topic of several recent research reports. UBS Group raised their price target on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Telsey Advisory Group raised their price target on 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, JPMorgan Chase & Co. raised their price target on Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus 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.