Strs Ohio Buys Shares of 3,360 Dillard's, Inc. $DDS

Key Points

• Strs Ohio acquired a new stake in Dillard's, purchasing 3,360 shares valued at approximately $1.2 million. This investment highlights continued interest from institutional investors, with 67.15% of the stock owned by such entities.
• Dillard's reported earnings of $4.66 per share for the last quarter, surpassing analysts' expectations of $3.79, and its quarterly revenue rose 1.6% year-over-year.
• The company announced an increase in its quarterly dividend from $0.25 to $0.30 per share, reflecting a payout ratio of 3.31% and demonstrating a commitment to returning value to shareholders.

Strs Ohio bought a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,360 shares of the company's stock, valued at approximately $1,203,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Vernon Capital Holdings II LLC boosted its position in Dillard's by 26,618.5% in the first quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock valued at $66,694,000 after buying an additional 185,531 shares in the last quarter. Millennium Management LLC boosted its position in Dillard's by 3,989.8% in the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock valued at $16,315,000 after buying an additional 36,866 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Dillard's by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after buying an additional 28,468 shares in the last quarter. Northern Trust Corp boosted its position in Dillard's by 84.1% in the first quarter. Northern Trust Corp now owns 46,416 shares of the company's stock valued at $16,623,000 after buying an additional 21,199 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Dillard's in the first quarter valued at about $6,250,000. Institutional investors own 67.15% of the company's stock.

Dillard's Trading Up 0.1%

Shares of DDS traded up $0.81 on Friday, reaching $602.88. 168,869 shares of the company's stock were exchanged, compared to its average volume of 130,006. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $9.43 billion, a P/E ratio of 16.63 and a beta of 0.99. The business has a 50 day moving average price of $515.97 and a two-hundred day moving average price of $425.73. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $610.00.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.87. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Dillard's had a net margin of 8.87% and a return on equity of 30.55%. Dillard's's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.09 earnings per share. Research analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 30th. Dillard's's payout ratio is presently 2.76%.

Analyst Ratings Changes

A number of research firms have commented on DDS. JPMorgan Chase & Co. boosted their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Telsey Advisory Group upped their target price 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. Wall Street Zen lowered shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, UBS Group upped their target price on shares of Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Sell" and an average price target 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.