Summit Street Capital Management LLC Makes New $9.16 Million Investment in Dillard's, Inc. (NYSE:DDS)

Summit Street Capital Management LLC purchased a new stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,205 shares of the company's stock, valued at approximately $9,155,000. Dillard's accounts for approximately 3.3% of Summit Street Capital Management LLC's portfolio, making the stock its 11th biggest holding. Summit Street Capital Management LLC owned about 0.13% of Dillard's as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Consolidated Planning Corp boosted its holdings in shares of Dillard's by 154.5% during the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after acquiring an additional 919 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Dillard's by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after acquiring an additional 25,212 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Dillard's during the fourth quarter valued at $7,270,000. Wells Fargo & Company MN lifted its holdings in Dillard's by 9.5% in the fourth 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, Raymond James Financial Inc. acquired a new stake in Dillard's in the fourth quarter worth about $556,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Price Performance

DDS stock traded down $18.14 during trading on Wednesday, hitting $401.38. The company had a trading volume of 152,255 shares, compared to its average volume of 141,904. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $349.47 and a 200 day moving average of $409.45. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $510.00. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 10.33 and a beta of 0.96.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $10.39 EPS for the quarter, topping the consensus estimate of $9.10 by $1.29. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the business earned $11.10 earnings per share. As a group, research analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a report on Friday, May 16th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $450.00 price objective on shares of Dillard's in a report on Friday, May 16th. Finally, StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th.

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.