Engineers Gate Manager LP Has $3.55 Million Holdings in Dillard's, Inc. $DDS

Key Points

• Engineers Gate Manager LP cut its Dillard’s stake by 36.5% in the second quarter, selling 3,857 shares and retaining 6,711 shares valued at approximately $3.55 million. Institutional investors collectively own 67.15% of the company.
• Analysts remain cautious: Dillard’s has a consensus rating of “Reduce”, with three “Hold” ratings and two “Sell” ratings, despite the consensus price target of $545.67.
• Dillard’s reported quarterly earnings of $6.25 per share, beating estimates by $1.96, on revenue of $1.53 billion. The company also declared a $0.30 quarterly dividend, equal to a 0.2% annualized yield.

Engineers Gate Manager LP trimmed its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 36.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,711 shares of the company's stock after selling 3,857 shares during the period. Engineers Gate Manager LP's holdings in Dillard's were worth $3,546,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Nykredit A S acquired a new stake in Dillard's in the 2nd quarter valued at about $26,000. Rockefeller Capital Management L.P. raised its holdings in shares of Dillard's by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company's stock valued at $29,000 after purchasing an additional 25 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Dillard's in the fourth quarter valued at $29,000. Quarry LP purchased a new stake in Dillard's in the 3rd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Dillard's by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Dillard's Price Performance

Shares of DDS opened at $651.23 on Monday. The stock has a market cap of $10.17 billion, a PE ratio of 14.92 and a beta of 1.15. The firm has a fifty day moving average price of $595.77 and a 200 day moving average price of $585.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. Dillard's, Inc. has a 1-year low of $503.06 and a 1-year high of $741.97.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating the consensus estimate of $4.29 by $1.96. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Dillard's had a net margin of 10.48% and a return on equity of 31.88%. As a group, sell-side analysts anticipate that Dillard's, Inc. will post 35.5 EPS for the current year.

Dillard's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, 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 (DPR) is presently 2.75%.

Dillard's Company Profile

Dillard's, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard's also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.

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