Millennium Management LLC Purchases 36,866 Shares of Dillard's, Inc. (NYSE:DDS)

Millennium Management LLC raised its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 3,989.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,790 shares of the company's stock after purchasing an additional 36,866 shares during the period. Millennium Management LLC owned approximately 0.24% of Dillard's worth $16,315,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its holdings in shares of Dillard's by 43.0% during the 4th quarter. Lazard Asset Management LLC now owns 2,903 shares of the company's stock worth $1,253,000 after acquiring an additional 873 shares during the period. Gotham Asset Management LLC lifted its holdings in shares of Dillard's by 218.3% during the 4th quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock worth $11,471,000 after acquiring an additional 18,221 shares during the period. Findell Capital Management LLC bought a new position in shares of Dillard's during the 4th quarter worth about $762,000. Deutsche Bank AG lifted its holdings in shares of Dillard's by 275.4% during the 4th quarter. Deutsche Bank AG now owns 976 shares of the company's stock worth $421,000 after acquiring an additional 716 shares during the period. Finally, Crestline Management LP lifted its holdings in shares of Dillard's by 215.8% during the 4th quarter. Crestline Management LP now owns 3,291 shares of the company's stock worth $1,421,000 after acquiring an additional 2,249 shares during the period. 67.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DDS shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Friday, May 16th. UBS Group raised their price objective on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised shares of Dillard's from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Dillard's Price Performance

DDS stock traded up $8.93 during trading on Tuesday, hitting $417.01. 103,925 shares of the stock traded hands, compared to its average volume of 142,642. Dillard's, Inc. has a one year low of $282.24 and a one year high of $510.00. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 10.73 and a beta of 0.96. The company has a 50 day simple moving average of $354.29 and a 200 day simple moving average of $410.03. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.10 by $1.29. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $11.10 EPS. Equities analysts expect that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Monday, June 30th. Dillard's's dividend payout ratio is currently 2.76%.

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.