Royal Bank of Canada increased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 183.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,466 shares of the company’s stock after acquiring an additional 17,764 shares during the quarter. Royal Bank of Canada owned 0.09% of Dillard’s worth $1,584,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. QS Investors LLC raised its holdings in shares of Dillard’s by 0.7% during the second quarter. QS Investors LLC now owns 1,798 shares of the company’s stock valued at $104,000 after acquiring an additional 12 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Dillard’s by 16.4% during the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after acquiring an additional 281 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Dillard’s by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock valued at $125,000 after acquiring an additional 325 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of Dillard’s during the second quarter valued at approximately $225,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Dillard’s during the second quarter valued at approximately $254,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
In other Dillard’s news, Director J C. Watts, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total transaction of $27,135.00. Following the sale, the director now directly owns 8,200 shares in the company, valued at approximately $494,460. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 26.63% of the stock is owned by company insiders.
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Dillard’s, Inc. (NYSE:DDS) opened at 50.80 on Wednesday. Dillard’s, Inc. has a 1-year low of $45.51 and a 1-year high of $83.44. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 12.58 and a beta of 1.12. The firm has a 50-day moving average of $54.56 and a 200 day moving average of $56.90.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.77). Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that Dillard’s, Inc. will post $3.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, September 29th were paid a dividend of $0.10 per share. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 0.79%. Dillard’s’s dividend payout ratio (DPR) is presently 10.18%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Dillard’s from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of 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 set a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Finally, TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.60.
Dillard’s Company Profile
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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