Dillard's, Inc. (NYSE:DDS) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 41.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,051 shares of the company's stock after acquiring an additional 900 shares during the period. Ritholtz Wealth Management's holdings in Dillard's were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its stake in Dillard's by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in Dillard's by 0.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock worth $65,951,000 after acquiring an additional 480 shares during the last quarter. First Trust Advisors LP boosted its position in Dillard's by 47.0% during the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock worth $35,307,000 after acquiring an additional 26,132 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Dillard's by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Dillard's by 3,989.8% during the 4th quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after purchasing an additional 36,866 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Dillard's Trading Up 1.7%

DDS traded up $6.72 during mid-day trading on Friday, hitting $405.28. 146,761 shares of the stock were exchanged, compared to its average volume of 146,108. The company has a market cap of $6.34 billion, a PE ratio of 11.20 and a beta of 1.00. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm's fifty day moving average is $377.20 and its two-hundred day moving average is $406.28.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.10 by $1.29. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. During the same quarter in the prior year, the company earned $11.10 earnings per share. Equities analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Monday, June 30th. Dillard's's 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.