Ritholtz Wealth Management Boosts Stock Holdings in Dillard's, Inc. $DDS

Key Points

• Ritholtz Wealth Management has increased its holdings in Dillard's, Inc. by 49%, now owning a total of 4,546 shares valued at approximately $1.9 million.
• Dillard's reported earnings for the most recent quarter, achieving $4.66 EPS, exceeding analyst expectations of $3.79 and demonstrating a 1.6% year-over-year revenue growth.
• The company has also announced a quarterly dividend increase to $0.30 per share, reflecting a 20% increase from the previous quarter's dividend.

Ritholtz Wealth Management grew its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 49.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,546 shares of the company's stock after purchasing an additional 1,495 shares during the quarter. Ritholtz Wealth Management's holdings in Dillard's were worth $1,900,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DDS. PNC Financial Services Group Inc. increased its holdings in shares of 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 in the last quarter. GAMMA Investing LLC increased its holdings in Dillard's by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company's stock worth $39,000 after acquiring an additional 64 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dillard's by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock worth $50,000 after acquiring an additional 73 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Dillard's by 986.7% in the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock worth $59,000 after acquiring an additional 148 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Dillard's by 186.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 229 shares of the company's stock worth $82,000 after acquiring an additional 149 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard's Price Performance

Dillard's stock opened at $596.27 on Friday. Dillard's, Inc. has a 52-week low of $282.24 and a 52-week high of $637.73. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 16.44 and a beta of 1.09. The company has a fifty day simple moving average of $568.63 and a 200-day simple moving average of $456.94. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.

Dillard's (NYSE:DDS - Get Free Report) last released its 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 net margin of 8.87% and a return on equity of 30.55%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $11.09 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, September 30th will be issued a $0.30 dividend. This is an increase from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Dillard's's payout ratio is currently 3.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Telsey Advisory Group boosted their price target on shares of Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a report on Friday, August 15th. Wall Street Zen lowered shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Dillard's in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. Finally, Zacks Research lowered shares of Dillard's from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $394.33.

Dillard's 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.

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