Perbak Capital Partners LLP Invests $309,000 in Dillard's, Inc. $DDS

Key Points

• Perbak Capital Partners LLP has purchased 863 shares of Dillard's, Inc., valued at approximately $309,000, marking their new position in the company.
• Recent analysts' reports have increased the price targets for Dillard's shares, with JPMorgan Chase raising it from $368.00 to $458.00, while Telsey Advisory Group increased theirs from $450.00 to $550.00.
• Dillard's recently announced a quarterly dividend increase from $0.25 to $0.30 per share, reflecting a strong payout ratio of 2.76% and a dividend yield of 0.2%.

Perbak Capital Partners LLP purchased a new position in Dillard's, Inc. (NYSE:DDS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 863 shares of the company's stock, valued at approximately $309,000.

A number of other large investors also recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in Dillard's by 12.3% during the first quarter. US Bancorp DE now owns 293 shares of the company's stock valued at $105,000 after buying an additional 32 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Dillard's by 3.5% during the first quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock valued at $375,000 after buying an additional 35 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 valued at $35,000 after buying an additional 38 shares during the last quarter. Signaturefd LLC boosted its stake in Dillard's by 26.2% during the first quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $102,000 after buying an additional 59 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC boosted its stake in Dillard's by 1.5% during the first quarter. Steel Grove Capital Advisors LLC now owns 4,378 shares of the company's stock valued at $1,568,000 after buying an additional 64 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard's Trading Up 0.8%

Shares of NYSE:DDS traded up $4.69 during trading on Friday, hitting $575.99. The company had a trading volume of 172,878 shares, compared to its average volume of 144,000. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 15.89 and a beta of 0.99. Dillard's, Inc. has a one year low of $282.24 and a one year high of $579.55. The company has a fifty day simple moving average of $487.30 and a two-hundred day simple moving average of $414.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $11.09 EPS. Dillard's's quarterly 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 earnings per share for the current 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. This is a boost from Dillard's's previous quarterly dividend of $0.25. 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%. Dillard's's dividend payout ratio is presently 3.31%.

Analyst Ratings Changes

DDS has been the subject of a number of research reports. 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. Wall Street Zen lowered Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. 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. Finally, UBS Group increased their price target on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Sell" and a consensus price target of $394.33.

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.