Inspire Investing LLC Acquires 2,089 Shares of Dillard's, Inc. $DDS

Key Points

• Inspire Investing LLC significantly increased its holdings in Dillard's, Inc., acquiring an additional 2,089 shares, which brought their total to 3,048 shares valued at approximately $1.27 million.
• Market analysts have mixed ratings for Dillard's, with JPMorgan Chase and Telsey Advisory Group raising their price targets, while UBS and Zacks lowered their ratings to "sell" and "hold," respectively.
• Dillard's announced an increase in its quarterly dividend to $0.30 per share, up from $0.25, with the dividend yield currently at 0.2%.

Inspire Investing LLC lifted its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 217.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,048 shares of the company's stock after acquiring an additional 2,089 shares during the period. Inspire Investing LLC's holdings in Dillard's were worth $1,274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Vernon Capital Holdings II LLC grew its holdings in Dillard's by 26,618.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock valued at $66,694,000 after buying an additional 185,531 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Dillard's by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after buying an additional 28,468 shares in the last quarter. Northern Trust Corp grew its holdings in Dillard's by 84.1% during the 1st quarter. Northern Trust Corp now owns 46,416 shares of the company's stock valued at $16,623,000 after buying an additional 21,199 shares in the last quarter. Nuveen LLC purchased a new position in Dillard's during the 1st quarter valued at approximately $6,250,000. Finally, Quantbot Technologies LP grew its holdings in Dillard's by 1,231.0% during the 1st quarter. Quantbot Technologies LP now owns 18,754 shares of the company's stock valued at $6,716,000 after buying an additional 17,345 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on DDS shares. UBS Group raised their price target on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a report on Friday, August 15th. Zacks Research lowered Dillard's from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. raised their price objective on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. Telsey Advisory Group raised their price objective on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research note on Friday, August 15th. Finally, Wall Street Zen lowered Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $394.33.

Dillard's Trading Down 3.4%

Shares of NYSE DDS opened at $576.65 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $557.45 and a two-hundred day simple moving average of $450.77. The firm has a market cap of $9.02 billion, a PE ratio of 15.90 and a beta of 1.09. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $637.73.

Dillard's (NYSE:DDS - Get Free Report) last issued its 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. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.Dillard's's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $11.09 EPS. Analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Dillard's's previous quarterly dividend of $0.25. Dillard's's dividend payout ratio (DPR) is 3.31%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.