Raymond James Financial Inc. Has $3.31 Million Stock Position in Dillard's, Inc. $DDS

Raymond James Financial Inc. lifted its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 617.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,242 shares of the company's stock after acquiring an additional 7,954 shares during the period. Raymond James Financial Inc. owned approximately 0.06% of Dillard's worth $3,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. US Bancorp DE lifted its holdings in shares of 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 acquiring an additional 32 shares during the period. Sequoia Financial Advisors LLC lifted its position in Dillard's by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock valued at $375,000 after purchasing an additional 35 shares during the period. PNC Financial Services Group Inc. lifted its position in Dillard's by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock valued at $35,000 after purchasing an additional 38 shares during the period. Signaturefd LLC lifted its position in Dillard's by 26.2% during the 1st quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $102,000 after purchasing an additional 59 shares during the period. Finally, Steel Grove Capital Advisors LLC lifted its position in Dillard's by 1.5% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 4,378 shares of the company's stock valued at $1,568,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Up 1.9%

Shares of NYSE DDS traded up $10.66 during trading hours on Thursday, hitting $579.69. The company had a trading volume of 50,735 shares, compared to its average volume of 143,125. The stock has a market capitalization of $9.07 billion, a P/E ratio of 15.99 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 2.68 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 $581.66. The firm's 50 day moving average is $495.29 and its 200-day moving average is $416.24.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $11.09 EPS. The company's quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts expect that Dillard's, Inc. will post 33.25 earnings per share 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. This is an increase from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. Dillard's's dividend payout ratio (DPR) is presently 2.76%.

Analyst Upgrades and Downgrades

DDS has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Telsey Advisory Group lifted their price target on shares of Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a research report on Friday, August 15th. UBS Group increased their target price on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Sell" and an average price target of $394.33.

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.