Invesco Ltd. Sells 4,133 Shares of Dillard's, Inc. $DDS

Key Points

• Invesco Ltd. reduced its holdings in Dillard's, Inc. by 30.4% during the first quarter, retaining approximately $3.38 million worth of shares.
• Dillard's reported earnings per share of $4.66 for the last quarter, surpassing analysts' expectations and showing a 1.6% year-over-year revenue increase.
• The company is increasing its quarterly dividend from $0.25 to $0.30, reflecting confidence in its financial position.

Invesco Ltd. lessened its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,450 shares of the company's stock after selling 4,133 shares during the period. Invesco Ltd. owned approximately 0.06% of Dillard's worth $3,384,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Dillard's by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock valued at $338,000 after buying an additional 68 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dillard's during the fourth quarter worth approximately $556,000. Stifel Financial Corp increased its stake in Dillard's by 0.6% during the fourth quarter. Stifel Financial Corp now owns 5,136 shares of the company's stock worth $2,216,000 after acquiring an additional 31 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Dillard's during the fourth quarter valued at approximately $439,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Dillard's by 8.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,084 shares of the company's stock valued at $900,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DDS. Telsey Advisory Group increased their price target on 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 increased their target price on shares of Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research note 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. According to data from MarketBeat.com, Dillard's presently has an average rating of "Sell" and a consensus price target of $394.33.

Dillard's Trading Up 0.0%

DDS traded up $0.25 during trading on Wednesday, hitting $553.44. 60,302 shares of the stock were exchanged, compared to its average volume of 142,912. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. The firm has a 50 day simple moving average of $477.92 and a 200 day simple moving average of $412.67. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 15.27 and a beta of 0.99. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $565.83.

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

Dillard's Increases Dividend

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