Jacobs Levy Equity Management Inc. Takes Position in Dillard's, Inc. $DDS

Key Points

• Jacobs Levy Equity Management Inc. invested approximately $5.69 million in Dillard's, acquiring 15,885 shares and representing around 0.10% of the company's total shares.
• Dillard's recently reported earnings per share (EPS) of $4.66 for the last quarter, exceeding analysts' expectations, with annual revenue increasing by 1.6% compared to the previous year.
• The company declared a dividend increase from $0.25 to $0.30 per share, with the next payout scheduled for November 3rd, representing an annual yield of 0.2%.

Jacobs Levy Equity Management Inc. bought a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,885 shares of the company's stock, valued at approximately $5,689,000. Jacobs Levy Equity Management Inc. owned approximately 0.10% of Dillard's at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DDS. Northern Trust Corp increased its holdings in shares of Dillard's by 36.1% in the 4th quarter. Northern Trust Corp now owns 25,217 shares of the company's stock worth $10,887,000 after purchasing an additional 6,683 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Dillard's by 44.4% in the 4th quarter. BNP Paribas Financial Markets now owns 10,002 shares of the company's stock worth $4,318,000 after purchasing an additional 3,074 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Dillard's by 275.4% in the 4th quarter. Deutsche Bank AG now owns 976 shares of the company's stock worth $421,000 after purchasing an additional 716 shares in the last quarter. Gotham Asset Management LLC increased its position in Dillard's by 218.3% during the fourth quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock valued at $11,471,000 after acquiring an additional 18,221 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Dillard's by 43.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,903 shares of the company's stock valued at $1,253,000 after acquiring an additional 873 shares during the last quarter. Institutional investors own 67.15% of the company's stock.

Dillard's Stock Down 1.8%

Shares of NYSE:DDS traded down $10.84 on Friday, reaching $575.12. The company had a trading volume of 112,509 shares, compared to its average volume of 143,244. Dillard's, Inc. has a 52-week low of $282.24 and a 52-week high of $586.10. The firm's 50 day simple moving average is $497.90 and its 200-day simple moving average is $416.97. The firm has a market capitalization of $8.99 billion, a PE ratio of 15.86 and a beta of 0.99. The company has a current ratio of 2.68, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $11.09 EPS. The business's revenue was up 1.6% compared to the same quarter last year. As a group, analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors 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 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is presently 3.31%.

Analyst Ratings Changes

Several analysts have issued reports on DDS shares. UBS Group boosted 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. 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 research note on Friday, August 15th. JPMorgan Chase & Co. increased their price target on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. Finally, Wall Street Zen lowered Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Sell" and an average target price of $394.33.

Dillard's 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.