Wedge Capital Management L L P NC Increases Stake in Dillard's, Inc. (NYSE:DDS)

Wedge Capital Management L L P NC raised its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 23.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,501 shares of the company's stock after acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Consolidated Planning Corp boosted its stake in shares of Dillard's by 154.5% during the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after purchasing an additional 919 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Dillard's during the fourth quarter valued at $7,270,000. Raymond James Financial Inc. purchased a new stake in shares of Dillard's during the fourth quarter valued at $556,000. Wells Fargo & Company MN lifted its stake in Dillard's by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after acquiring an additional 68 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Dillard's by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after acquiring an additional 39,858 shares during the period. Institutional investors own 67.15% of the company's stock.

Wall Street Analyst Weigh In

DDS has been the subject of a number of research reports. Wall Street Zen raised shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group upped their price objective on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $450.00 price objective on shares of Dillard's in a research note on Friday, May 16th.

Dillard's Stock Down 0.6%

NYSE:DDS traded down $2.31 during mid-day trading on Friday, reaching $400.10. The company's stock had a trading volume of 113,564 shares, compared to its average volume of 144,562. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $510.00. The stock has a fifty day moving average of $366.13 and a 200-day moving average of $408.32. The firm has a market capitalization of $6.36 billion, a PE ratio of 10.30 and a beta of 1.00. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $10.39 EPS for the quarter, beating the consensus estimate of $9.10 by $1.29. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. During the same period in the prior year, the firm posted $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 declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Monday, June 30th. Dillard's's payout ratio is 2.76%.

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.