First Trust Advisors LP Has $72.29 Million Holdings in Dillard's, Inc. $DDS

Key Points

• First Trust Advisors LP cut its stake in Dillard's by 30.2% in Q3, selling 50,938 shares and now holding 117,641 shares valued at $72.29 million (about 0.75% ownership).
• Dillard's beat earnings expectations with Q EPS of $13.05 vs. $9.98 consensus, while revenue fell 3% year-over-year to $1.99 billion; the company reported strong profitability metrics (ROE 27.55%, net margin 8.81%).
• Analysts are mixed-to-negative overall: MarketBeat's consensus rating is Reduce with a price target of $519.67, which is below the recent ~ $598 share price, and several firms have lowered targets or assigned sell/underweight ratings.

First Trust Advisors LP cut its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 30.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,641 shares of the company's stock after selling 50,938 shares during the period. First Trust Advisors LP owned 0.75% of Dillard's worth $72,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DDS. EverSource Wealth Advisors LLC grew its stake in shares of Dillard's by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock valued at $37,000 after purchasing an additional 79 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dillard's by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock worth $50,000 after purchasing an additional 73 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Dillard's during the 3rd quarter worth $52,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Dillard's during the 2nd quarter worth $55,000. Finally, Tower Research Capital LLC TRC boosted its position in Dillard's by 100.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 170 shares of the company's stock valued at $71,000 after buying an additional 85 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research cut Dillard's from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 23rd. Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group lifted their price objective on Dillard's from $184.00 to $460.00 and gave the stock a "sell" rating in a research report on Friday, November 28th. JPMorgan Chase & Co. dropped their price objective on Dillard's from $524.00 to $449.00 and set an "underweight" rating for the company in a report on Wednesday, February 25th. Finally, Telsey Advisory Group reduced their target price on shares of Dillard's from $700.00 to $650.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 25th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $519.67.

Dillard's Stock Performance

DDS stock opened at $598.17 on Wednesday. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $741.97. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.35 billion, a P/E ratio of 16.43 and a beta of 1.30. The business's fifty day moving average is $638.27 and its 200-day moving average is $623.56.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, topping analysts' consensus estimates of $9.98 by $3.07. Dillard's had a return on equity of 27.55% and a net margin of 8.81%.The business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm earned $13.48 earnings per share. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. Equities research analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard's's dividend payout ratio is 3.30%.

Dillard's Company Profile

Dillard's, Inc NYSE: DDS, headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard's equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men's and women's apparel, accessories, cosmetics, footwear, and home furnishings.

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