GAMMA Investing LLC Raises Stake in Dillard's, Inc. (NYSE:DDS)

GAMMA Investing LLC lifted its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 47,109.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,386 shares of the company's stock after buying an additional 10,364 shares during the period. GAMMA Investing LLC owned about 0.07% of Dillard's worth $3,720,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allianz Asset Management GmbH raised its holdings in Dillard's by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock valued at $91,339,000 after acquiring an additional 20,155 shares during the period. Beacon Pointe Advisors LLC boosted its position in Dillard's by 0.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock valued at $65,951,000 after buying an additional 480 shares in the last quarter. First Trust Advisors LP boosted its position in Dillard's by 47.0% in the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after buying an additional 26,132 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Dillard's by 107.2% during the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after purchasing an additional 39,858 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Dillard's by 3,989.8% during the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after purchasing an additional 36,866 shares during the period. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DDS shares. UBS Group boosted their target price on shares of Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a report on Friday, May 16th. Telsey Advisory Group reissued a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Dillard's Price Performance

Shares of NYSE:DDS traded down $2.31 during trading on Friday, reaching $400.10. The company had a trading volume of 113,564 shares, compared to its average volume of 144,850. The company has a fifty day moving average of $368.20 and a two-hundred day moving average of $407.70. The stock has a market capitalization of $6.36 billion, a P/E ratio of 10.30 and a beta of 1.00. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $510.00. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard's (NYSE:DDS - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $10.39 EPS for the quarter, beating the consensus estimate of $9.10 by $1.29. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. During the same quarter last year, the firm earned $11.10 EPS. Equities research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 30th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. Dillard's's payout ratio is 2.76%.

Dillard's 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.