Wedge Capital Management L L P NC Purchases 1,446 Shares of Dillard's, Inc. (NYSE:DDS)

Wedge Capital Management L L P NC grew its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 23.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,501 shares of the company's stock after buying an additional 1,446 shares during the period. Wedge Capital Management L L P NC's holdings in Dillard's were worth $2,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. KBC Group NV raised its stake in Dillard's by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after acquiring an additional 99 shares during the period. Empowered Funds LLC increased its holdings in shares of Dillard's by 18.4% in the fourth quarter. Empowered Funds LLC now owns 9,548 shares of the company's stock valued at $4,122,000 after purchasing an additional 1,481 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Dillard's in the fourth quarter valued at about $963,000. Stephens Inc. AR lifted its stake in shares of Dillard's by 3.9% during the 4th quarter. Stephens Inc. AR now owns 7,322 shares of the company's stock worth $3,161,000 after buying an additional 275 shares during the last quarter. Finally, Consolidated Planning Corp lifted its stake in shares of Dillard's by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock worth $654,000 after buying an additional 919 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a report on Friday, May 16th. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group lifted their price target on Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a report on Friday, May 16th.

Dillard's Stock Performance

Shares of DDS stock traded down $2.28 on Thursday, hitting $400.75. The company's stock had a trading volume of 102,602 shares, compared to its average volume of 145,217. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $510.00. The company has a market capitalization of $6.37 billion, a PE ratio of 10.32 and a beta of 1.00. The stock's 50 day moving average is $364.21 and its 200-day moving average is $408.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $11.10 EPS. Equities research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. Dillard's's dividend payout ratio (DPR) 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.