Dillard's, Inc. (NYSE:DDS) Shares Acquired by Victory Capital Management Inc.

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. increased its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 136.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,611 shares of the company's stock after buying an additional 9,578 shares during the period. Victory Capital Management Inc. owned about 0.10% of Dillard's worth $5,949,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DDS. Signaturefd LLC raised its position in Dillard's by 26.2% during the first quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $102,000 after acquiring an additional 59 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Dillard's in the 1st quarter valued at about $5,571,000. Nisa Investment Advisors LLC lifted its position in Dillard's by 35.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 18,529 shares of the company's stock worth $6,641,000 after acquiring an additional 4,867 shares during the period. Envestnet Asset Management Inc. lifted its position in Dillard's by 97.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,302 shares of the company's stock worth $466,000 after acquiring an additional 642 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Dillard's by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 77,691 shares of the company's stock valued at $27,823,000 after purchasing an additional 641 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DDS shares. UBS Group lifted their price objective on Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research report on Friday, May 16th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research note on Friday, May 16th. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research note on Monday.

Dillard's Trading Down 2.4%

NYSE:DDS traded down $12.54 during midday trading on Tuesday, reaching $500.62. 20,586 shares of the stock traded hands, compared to its average volume of 143,228. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $514.39. The stock has a market capitalization of $7.83 billion, a P/E ratio of 13.85 and a beta of 0.99. The company has a fifty day moving average of $427.36 and a 200 day moving average of $406.71.

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

Dillard's Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.20%. Dillard's's dividend payout ratio is presently 2.76%.

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.