Ritholtz Wealth Management Boosts Stake in Dillard's, Inc. (NYSE:DDS)

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

Other institutional investors have also recently made changes to their positions in the company. Steel Grove Capital Advisors LLC lifted its holdings in shares of Dillard's by 0.7% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 4,314 shares of the company's stock worth $1,863,000 after acquiring an additional 29 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Dillard's by 0.6% during the 4th quarter. Stifel Financial Corp now owns 5,136 shares of the company's stock valued at $2,216,000 after purchasing an additional 31 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Dillard's by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after purchasing an additional 39 shares during the period. Wells Fargo & Company MN raised its position in Dillard's by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after purchasing an additional 68 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Dillard's by 2.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 3,042 shares of the company's stock worth $1,313,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 67.15% of the company's stock.

Dillard's Trading Down 3.2%

DDS traded down $13.24 during trading on Wednesday, hitting $397.79. 198,248 shares of the stock traded hands, compared to its average volume of 145,268. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13. The firm has a 50-day moving average of $372.22 and a 200 day moving average of $407.24. The firm has a market capitalization of $6.22 billion, a P/E ratio of 10.99 and a beta of 1.00. Dillard's, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, beating analysts' consensus estimates of $9.10 by $1.29. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $11.10 EPS. Equities research analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.25%. Dillard's's dividend payout ratio (DPR) is presently 2.76%.

Analyst Ratings Changes

DDS has been the topic of a number of recent research reports. UBS Group raised their price objective on Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research note on Friday, May 16th. Telsey Advisory Group restated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a report on Friday, May 16th. Finally, Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.