Dillard's, Inc. $DDS Stock: Sterling Capital Management LLC Lowers Holdings

Key Points

• Sterling Capital Management cut its Dillard’s stake by 97.6% in the third quarter, selling 3,789 shares and ending the period with 94 shares worth about $63,000.
• Dillard’s reported quarterly EPS of $6.25, beating analyst expectations of $4.29, and revenue of $1.53 billion, slightly above estimates.
• Analyst sentiment was cautious: the consensus rating was “Reduce,” with an average price target of $545.67, below the stock’s cited opening price of $607.62.

Sterling Capital Management LLC lowered its position in shares of Dillard's, Inc. (TXSE:DDS - Free Report) by 97.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94 shares of the company's stock after selling 3,789 shares during the period. Sterling Capital Management LLC's holdings in Dillard's were worth $63,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Dillard's during the 3rd quarter worth about $41,000. Nisa Investment Advisors LLC raised its position in shares of Dillard's by 1.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,528 shares of the company's stock worth $7,057,000 after acquiring an additional 116 shares in the last quarter. IFP Advisors Inc lifted its stake in Dillard's by 282.6% during the third quarter. IFP Advisors Inc now owns 746 shares of the company's stock worth $500,000 after purchasing an additional 551 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Dillard's during the third quarter worth approximately $31,000. Finally, Steel Grove Capital Advisors LLC lifted its stake in Dillard's by 23.8% during the third quarter. Steel Grove Capital Advisors LLC now owns 4,102 shares of the company's stock worth $2,748,000 after purchasing an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Stock Down 6.0%

DDS opened at $607.62 on Wednesday. Dillard's, Inc. has a one year low of $503.06 and a one year high of $741.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03. The stock has a market capitalization of $9.49 billion, a P/E ratio of 13.92 and a beta of 1.00. The business's 50-day simple moving average is $652.51 and its 200-day simple moving average is $606.63.

Dillard's (TXSE:DDS - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $6.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.29 by $1.96. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Dillard's had a return on equity of 31.88% and a net margin of 10.48%. Analysts anticipate that Dillard's, Inc. will post 35.50 EPS for the current year.

Dillard's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Dillard's's dividend payout ratio is presently 2.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DDS shares. JPMorgan Chase & Co. upped their price target on Dillard's from $496.00 to $519.00 and gave the company an "underweight" rating in a report on Monday, August 17th. UBS Group raised their price objective on shares of Dillard's from $465.00 to $468.00 and gave the stock a "sell" rating in a report on Monday, August 17th. Weiss Ratings downgraded shares of Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Zacks Research cut shares of Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, September 12th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Dillard's has a consensus rating of "Reduce" and an average target price of $545.67.

Dillard's Company Profile

Dillard’s, Inc is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories.

The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.

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