Nomura Holdings Inc. lessened its stake in Dillard’s, Inc. (NYSE:DDS) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 818,020 shares of the company’s stock after selling 32,300 shares during the quarter. Nomura Holdings Inc. owned about 2.81% of Dillard’s worth $47,278,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DDS. QS Investors LLC increased its holdings in Dillard’s by 0.7% in the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after purchasing an additional 12 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after purchasing an additional 281 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Dillard’s by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after purchasing an additional 325 shares during the last quarter. Advantus Capital Management Inc bought a new stake in Dillard’s in the first quarter valued at about $169,000. Finally, Verity Asset Management Inc. bought a new stake in Dillard’s in the second quarter valued at about $225,000. Institutional investors and hedge funds own 94.46% of the company’s stock.
A number of research firms recently commented on DDS. Zacks Investment Research downgraded Dillard’s from a “hold” rating to a “strong sell” rating in a report on Tuesday. ValuEngine upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Friday, August 18th. J P Morgan Chase & Co restated an “underweight” rating and issued a $36.00 price target (down from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Finally, TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Dillard’s presently has an average rating of “Hold” and a consensus target price of $52.60.
Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts predict that Dillard’s, Inc. will post $3.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. Dillard’s’s payout ratio is presently 10.18%.
In related news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total value of $27,135.00. Following the completion of the sale, the director now directly owns 8,200 shares of the company’s stock, valued at approximately $494,460. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 26.63% of the company’s stock.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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