Dillard's, Inc. $DDS Stock Holdings Lifted by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Dillard's, Inc. by 52.0%, owning 1,538 shares now valued at $551,000.
• Dillard's recently increased its quarterly dividend from $0.25 to $0.30, impacting investors on record by September 30th.
• Analysts have mixed views on Dillard's stock, with a consensus sell rating and an average price target of $394.33, while price objectives have been adjusted notably by various firms.

Hsbc Holdings PLC lifted its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 52.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,538 shares of the company's stock after acquiring an additional 526 shares during the quarter. Hsbc Holdings PLC's holdings in Dillard's were worth $551,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Dillard's by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock worth $35,000 after buying an additional 38 shares in the last quarter. Whipplewood Advisors LLC raised its holdings 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 in the last quarter. Farther Finance Advisors LLC raised its holdings 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 in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Dillard's in the 4th quarter valued at $70,000. Finally, Versant Capital Management Inc lifted its stake in Dillard's by 7,566.7% during the first quarter. Versant Capital Management Inc now owns 230 shares of the company's stock worth $82,000 after purchasing an additional 227 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard's Trading Up 0.6%

Shares of Dillard's stock traded up $3.32 during trading hours on Friday, hitting $574.62. The company's stock had a trading volume of 124,925 shares, compared to its average volume of 143,391. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $579.55. The business has a fifty day moving average of $484.07 and a 200 day moving average of $414.22. The company has a market capitalization of $8.99 billion, a PE ratio of 15.85 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $11.09 EPS. The business's revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. This is a positive change from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard's's payout ratio is currently 2.76%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DDS shares. Wall Street Zen lowered shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Telsey Advisory Group lifted their target price on shares of Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a report on Friday, August 15th. UBS Group upped their target price on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Dillard's presently has an average rating of "Sell" and an average target price of $394.33.

About Dillard's

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.