Nuveen LLC Acquires Shares of 17,451 Dillard's, Inc. $DDS

Key Points

• Nuveen LLC has acquired 17,451 shares of Dillard's, Inc., valued at approximately $6.25 million, representing a 0.11% ownership stake in the company.
• Dillard's recently announced an increase in its quarterly dividend from $0.25 to $0.30, with a dividend yield of 0.2% and an annualized payout of $1.20.
• The company's stock performance shows a 1-year high of $541.28 and a P/E ratio of 14.73, indicating many analysts view it as a potential investment despite a consensus rating of "Sell".

Nuveen LLC bought a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,451 shares of the company's stock, valued at approximately $6,250,000. Nuveen LLC owned 0.11% of Dillard's at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC bought a new stake in shares of Dillard's in the first quarter worth about $266,000. Sequoia Financial Advisors LLC grew its holdings in shares of Dillard's by 3.5% during the first quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock worth $375,000 after buying an additional 35 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Dillard's during the fourth quarter worth about $556,000. Wells Fargo & Company MN grew its holdings in shares of Dillard's by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after buying an additional 68 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Dillard's by 47,109.1% during the first quarter. GAMMA Investing LLC now owns 10,386 shares of the company's stock worth $3,720,000 after buying an additional 10,364 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a report on Saturday. 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 report 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 report on Monday, July 28th. Finally, UBS Group upped their price target 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. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Dillard's has an average rating of "Sell" and a consensus target price of $394.33.

Dillard's Trading Down 2.8%

DDS traded down $15.14 during midday trading on Friday, hitting $531.98. 114,599 shares of the company were exchanged, compared to its average volume of 145,424. The firm has a market capitalization of $8.32 billion, a P/E ratio of 14.67 and a beta of 1.06. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $553.18. The firm's 50 day moving average price is $472.51 and its 200-day moving average price is $412.61. 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 data 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 30.74% and a net margin of 8.87%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $11.09 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Dillard's, Inc. will post 33.25 EPS 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. Stockholders of record on Tuesday, September 30th will be issued a $0.30 dividend. This is a boost 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 of this dividend is Tuesday, September 30th. Dillard's's dividend 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.