1,900 Shares in Dillard's, Inc. $DDS Bought by Texas Capital Bank Wealth Management Services Inc

Key Points

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Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,900 shares of the company's stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Beacon Pointe Advisors LLC raised its stake in shares of 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 buying an additional 480 shares during the last quarter. First Trust Advisors LP raised its stake in shares of 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 buying an additional 26,132 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dillard's by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 77,691 shares of the company's stock worth $27,823,000 after buying an additional 641 shares during the last quarter. Northern Trust Corp increased its stake 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 purchasing an additional 21,199 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Dillard's by 2.9% in the first quarter. American Century Companies Inc. now owns 42,555 shares of the company's stock worth $15,240,000 after purchasing an additional 1,191 shares during the period. 67.15% of the stock is owned by institutional investors.

Dillard's Stock Up 5.1%

Shares of DDS stock traded up $25.7420 during trading hours on Friday, hitting $532.5420. 105,213 shares of the company were exchanged, compared to its average volume of 133,083. The business has a 50 day moving average of $459.23 and a two-hundred day moving average of $409.81. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $535.01. The company has a market capitalization of $8.33 billion, a PE ratio of 14.69 and a beta of 1.06.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $11.09 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. This is a positive change from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend 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 2.76%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DDS. JPMorgan Chase & Co. increased their target price 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. Telsey Advisory Group increased their target price 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 upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group increased their target price on shares of Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Sell" and a consensus price target of $394.33.

Dillard's Company 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.