Landscape Capital Management L.L.C. Acquires New Holdings in Dillard's, Inc. $DDS

Key Points

• Landscape Capital Management L.L.C. has made a new investment in Dillard's, acquiring 4,616 shares valued at approximately $1.65 million.
• Various hedge funds have recently increased their stakes in Dillard's, with notable increases including Whipplewood Advisors LLC's 2,980% growth during the first quarter.
• Dillard's reported a quarterly earnings per share (EPS) of $4.66, surpassing expectations, and announced a dividend increase from $0.25 to $0.30 per share.

Landscape Capital Management L.L.C. acquired a new stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,616 shares of the company's stock, valued at approximately $1,653,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp grew its position in shares of Dillard's by 299.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 10,776 shares of the company's stock valued at $3,859,000 after acquiring an additional 8,076 shares during the period. Walleye Capital LLC increased its holdings in Dillard's by 428.9% in the 1st quarter. Walleye Capital LLC now owns 5,226 shares of the company's stock worth $1,872,000 after acquiring an additional 4,238 shares in the last quarter. AlphaQuest LLC raised its stake in Dillard's by 4,784.4% during the 1st quarter. AlphaQuest LLC now owns 1,563 shares of the company's stock worth $560,000 after acquiring an additional 1,531 shares during the period. Martingale Asset Management L P raised its stake in Dillard's by 50.7% during the 1st quarter. Martingale Asset Management L P now owns 10,201 shares of the company's stock worth $3,653,000 after acquiring an additional 3,430 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Dillard's by 52.0% during the 1st quarter. Hsbc Holdings PLC now owns 1,538 shares of the company's stock worth $551,000 after acquiring an additional 526 shares during the period. 67.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on DDS shares. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday. Telsey Advisory Group boosted their price target on Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a report on Friday, August 15th. UBS Group lifted their price objective on shares of Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. increased their price objective 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 investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Sell" and an average price target of $394.33.

Dillard's Trading Up 3.5%

DDS traded up $18.43 during trading on Tuesday, reaching $551.31. The company had a trading volume of 103,468 shares, compared to its average volume of 143,429. The stock has a market cap of $8.62 billion, a P/E ratio of 15.20 and a beta of 0.99. The business has a 50 day simple moving average of $475.06 and a 200-day simple moving average of $411.70. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $553.19. 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 announced its quarterly earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.79 by $0.87. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Dillard's had a return on equity of 30.74% and a net margin of 8.87%.The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $11.09 earnings per share. On average, equities analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Increases Dividend

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