Edgestream Partners L.P. Takes Position in Dillard's, Inc. (NYSE:DDS)

Edgestream Partners L.P. acquired a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,556 shares of the company's stock, valued at approximately $5,571,000. Edgestream Partners L.P. owned 0.10% of Dillard's at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Dillard's by 177.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after acquiring an additional 39 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Dillard's in the 4th quarter valued at approximately $36,000. Whipplewood Advisors LLC raised its position in shares of Dillard's by 2,980.0% in the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Dillard's by 986.7% in the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock valued at $59,000 after purchasing an additional 148 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Dillard's in the 4th quarter valued at approximately $70,000. 67.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDS has been the topic of several research reports. UBS Group increased their price target on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a report on Friday, May 16th. Wall Street Zen downgraded shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a report on Friday, May 16th.

Dillard's Stock Performance

NYSE:DDS traded down $1.82 during midday trading on Friday, hitting $459.86. The company's stock had a trading volume of 42,096 shares, compared to its average volume of 144,965. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $510.00. The firm's 50 day moving average is $412.62 and its 200-day moving average is $405.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13. The firm has a market cap of $7.19 billion, a P/E ratio of 12.71 and a beta of 0.99.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $10.39 EPS for the quarter, topping analysts' consensus estimates of $9.10 by $1.29. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. During the same quarter last year, the company earned $11.10 EPS. Equities analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. Dillard's's payout ratio is 2.76%.

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.