Wellington Management Group LLP Invests $1.73 Million in Dillard's, Inc. $DDS

Key Points

• Wellington Management Group initiated a $1.73 million position in Dillard’s during the second quarter by purchasing 3,266 shares. Institutional investors collectively own 67.15% of the retailer.
• Dillard’s reported quarterly EPS of $6.25, beating analyst expectations of $4.29, while revenue reached $1.53 billion versus the $1.52 billion consensus estimate.
• Analyst sentiment remains cautious: Dillard’s has an average “Reduce” rating, with three Hold ratings and two Sell ratings, despite a recent price-target average of $545.67. The company also declared a quarterly dividend of $0.30 per share.

Wellington Management Group LLP purchased a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,266 shares of the company's stock, valued at approximately $1,726,000.

Other large investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in Dillard's by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company's stock worth $29,000 after acquiring an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Dillard's in the fourth quarter worth about $29,000. Quarry LP bought a new stake in shares of Dillard's in the third quarter worth about $33,000. Global Retirement Partners LLC raised its position in shares of Dillard's by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company's stock worth $39,000 after purchasing an additional 63 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Dillard's by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock worth $37,000 after purchasing an additional 79 shares during the period. Institutional investors own 67.15% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DDS. JPMorgan Chase & Co. boosted their price objective on Dillard's from $496.00 to $519.00 and gave the company an "underweight" rating in a research report on Monday, August 17th. Zacks Research lowered shares of Dillard's from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. UBS Group lifted their price target on shares of Dillard's from $465.00 to $468.00 and gave the company a "sell" rating in a research note on Monday, August 17th. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings lowered shares of Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Dillard's has an average rating of "Reduce" and an average target price of $545.67.

Dillard's Stock Up 4.3%

DDS stock opened at $651.23 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The stock has a market capitalization of $10.17 billion, a P/E ratio of 14.92 and a beta of 1.15. Dillard's, Inc. has a fifty-two week low of $503.06 and a fifty-two week high of $741.97. The business has a 50-day moving average of $595.77 and a 200-day moving average of $585.69.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $6.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.29 by $1.96. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Dillard's had a return on equity of 31.88% and a net margin of 10.48%. On average, sell-side analysts anticipate that Dillard's, Inc. will post 35.5 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard's's dividend payout ratio (DPR) is 2.75%.

Dillard's Company Profile

Dillard's, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard's also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.

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