Victory Capital Management Inc. Grows Stake in Dillard's, Inc. (NYSE:DDS)

Key Points

• Victory Capital Management Inc. increased its position in Dillard's by 136.2%, now owning 16,611 shares valued at approximately $5.95 million.
• Dillard's reported $10.39 EPS for the quarter, exceeding analysts' expectations of $9.10, with a revenue of $1.54 billion.
• The company announced a quarterly dividend of $0.25 per share, reflecting an annualized dividend of $1.00 and a yield of 0.20%.

Victory Capital Management Inc. boosted its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 136.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,611 shares of the company's stock after acquiring an additional 9,578 shares during the quarter. Victory Capital Management Inc. owned 0.10% of Dillard's worth $5,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DDS. Millennium Management LLC raised its stake in shares of Dillard's by 3,989.8% in the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after purchasing an additional 36,866 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Dillard's by 47.0% during the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after buying an additional 26,132 shares during the period. Summit Street Capital Management LLC bought a new position in shares of Dillard's during the 4th quarter valued at $9,155,000. Gotham Asset Management LLC lifted its holdings in shares of Dillard's by 218.3% during the 4th quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock valued at $11,471,000 after buying an additional 18,221 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Dillard's during the first quarter valued at $5,571,000. 67.15% of the stock is owned by institutional investors.

Dillard's Price Performance

NYSE:DDS traded up $8.57 on Monday, reaching $507.70. 59,723 shares of the company's stock traded hands, compared to its average volume of 143,652. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $425.20 and a 200-day simple moving average of $406.25. The firm has a market cap of $7.94 billion, a PE ratio of 14.01 and a beta of 0.99. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $513.34.

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

Dillard's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders 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 dividend yield of 0.20%. Dillard's's dividend payout ratio (DPR) is 2.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DDS. UBS Group lifted their target price on Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research report on Friday, May 16th.

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.