Jacobs Levy Equity Management Inc. Buys Shares of 15,885 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 stake in Dillard's, Inc. (NYSE:DDS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDS. PNC Financial Services Group Inc. raised its stake in Dillard's by 62.3% during the first quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock worth $35,000 after acquiring an additional 38 shares in the last quarter. Whipplewood Advisors LLC raised its stake in Dillard's by 2,980.0% during the first quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock worth $55,000 after acquiring an additional 149 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Dillard's during the fourth quarter worth about $70,000. Farther Finance Advisors LLC raised its stake in Dillard's by 986.7% during the first quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock worth $59,000 after acquiring an additional 148 shares in the last quarter. Finally, Versant Capital Management Inc raised 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 acquiring an additional 227 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on DDS shares. JPMorgan Chase & Co. boosted their target price on Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research note on Monday, July 28th. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group upped their price objective on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Finally, Telsey Advisory Group upped 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. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Dillard's has an average rating of "Sell" and a consensus price target of $394.33.

Dillard's Trading Down 1.8%

NYSE:DDS traded down $10.84 on Friday, reaching $575.12. 112,512 shares of the stock traded hands, compared to its average volume of 136,860. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 15.86 and a beta of 0.99. The company's 50 day moving average is $500.28 and its 200-day moving average is $417.78. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $586.10.

Dillard's (NYSE:DDS - Get Free Report) last released 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 the consensus estimate of $1.50 billion. Dillard's had a net margin of 8.87% and a return on equity of 30.55%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.09 EPS. Equities research analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Dillard's's previous quarterly dividend of $0.25. Dillard's's payout ratio is currently 3.31%.

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.