Dillard's, Inc. $DDS Shares Purchased by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management L L P NC increased its stake in Dillard's, Inc. by 10.3% during the second quarter, owning a total of 8,272 shares worth approximately $3,456,000.
• Dillard's recently announced a dividend increase to $0.30 per share from the previous $0.25, with the ex-dividend date set for September 30th.
• Analysts currently have a consensus rating of “Sell” on Dillard's stock, with a price target average of $394.33.

Wedge Capital Management L L P NC increased its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,272 shares of the company's stock after acquiring an additional 771 shares during the quarter. Wedge Capital Management L L P NC owned about 0.05% of Dillard's worth $3,456,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DDS. Sowell Financial Services LLC purchased a new position in Dillard's during the first quarter valued at $266,000. Sequoia Financial Advisors LLC increased its stake in shares of Dillard's by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company's stock worth $375,000 after purchasing an additional 35 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Dillard's by 47,109.1% in the 1st quarter. GAMMA Investing LLC now owns 10,386 shares of the company's stock worth $3,720,000 after buying an additional 10,364 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Dillard's in the 4th quarter worth approximately $285,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Dillard's during the 1st quarter worth $1,318,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. JPMorgan Chase & Co. lifted their target price on Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. UBS Group increased their price target on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research report on Friday, August 15th. Finally, Telsey Advisory Group lifted their target price on Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Sell" and an average price target of $394.33.

Dillard's Stock Performance

Shares of Dillard's stock traded down $25.60 during trading on Monday, hitting $573.35. 157,499 shares of the company's stock traded hands, compared to its average volume of 130,006. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.41. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $610.00. The business has a 50-day simple moving average of $518.65 and a 200-day simple moving average of $427.13. The stock has a market capitalization of $8.97 billion, a P/E ratio of 15.81 and a beta of 0.99.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $4.66 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $0.87. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $11.09 earnings per share. As a group, analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. This is a boost from Dillard's's previous quarterly dividend of $0.25. Dillard's's dividend payout ratio (DPR) 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.