Dillard's, Inc. $DDS Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in Dillard's, Inc. by 24.9%, selling 122,374 shares, and now owns 2.32% of the company worth approximately $132.2 million.
• Dillard's reported a quarterly earnings per share of $4.66, surpassing estimates by $0.87, and reported a revenue increase to $1.51 billion for the quarter.
• The company announced an increase in its quarterly dividend to $0.30 per share, which represents an annual yield of 0.2%, reflecting positive financial performance.

Vanguard Group Inc. trimmed its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 369,276 shares of the company's stock after selling 122,374 shares during the period. Vanguard Group Inc. owned approximately 2.32% of Dillard's worth $132,249,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Beacon Pointe Advisors LLC lifted its holdings in Dillard's by 0.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock valued at $65,951,000 after acquiring an additional 480 shares during the period. First Trust Advisors LP increased its position 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 valued at $35,307,000 after purchasing an additional 26,132 shares during the period. Bank of New York Mellon Corp lifted 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 valued at $27,823,000 after acquiring an additional 641 shares during the period. Millennium Management LLC grew its holdings in shares of Dillard's by 3,989.8% during the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after buying an additional 36,866 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Dillard's by 218.3% in the 4th quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock valued at $11,471,000 after acquiring an additional 18,221 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Trading Down 1.7%

DDS stock traded down $8.88 on Tuesday, hitting $526.06. 145,582 shares of the company were exchanged, compared to its average volume of 142,502. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $541.28. The business's fifty day moving average is $461.64 and its two-hundred day moving average is $410.23. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 14.52 and a beta of 1.06.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. Dillard's had a net margin of 8.87% and a return on equity of 30.74%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm posted $11.09 EPS. Dillard's's revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group increased their price objective on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. lifted their price objective on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday, July 28th. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Telsey Advisory Group raised their price objective on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research 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 company. According to MarketBeat.com, Dillard's currently 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.