Comerica Bank decreased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,529 shares of the company’s stock after selling 1,459 shares during the quarter. Comerica Bank’s holdings in Dillard’s were worth $677,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CSat Investment Advisory L.P. boosted its position in Dillard’s by 4.7% during the first quarter. CSat Investment Advisory L.P. now owns 3,392 shares of the company’s stock valued at $244,000 after purchasing an additional 153 shares in the last quarter. Signaturefd LLC raised its stake in shares of Dillard’s by 153.5% in the second quarter. Signaturefd LLC now owns 431 shares of the company’s stock worth $27,000 after purchasing an additional 261 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Dillard’s by 0.8% in the first quarter. First Trust Advisors LP now owns 35,706 shares of the company’s stock worth $2,572,000 after purchasing an additional 283 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Dillard’s by 3.8% in the first quarter. Texas Permanent School Fund now owns 12,546 shares of the company’s stock worth $904,000 after purchasing an additional 454 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Dillard’s in the first quarter worth about $86,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of DDS stock traded up $1.22 on Friday, hitting $67.35. The stock had a trading volume of 42,746 shares, compared to its average volume of 721,310. Dillard’s, Inc. has a 1 year low of $47.95 and a 1 year high of $86.71. The firm has a market capitalization of $1.74 billion, a P/E ratio of 11.01 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.86 and a quick ratio of 0.26. The company’s 50 day moving average price is $63.30 and its 200-day moving average price is $65.77.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.97). The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.48 billion. Dillard’s had a return on equity of 7.23% and a net margin of 2.04%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) earnings per share. On average, equities analysts forecast that Dillard’s, Inc. will post 3.55 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from Dillard’s’s previous quarterly dividend of $0.10. Dillard’s’s dividend payout ratio is currently 6.54%.
In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $64.46, for a total transaction of $154,704.00. Following the sale, the vice president now owns 1,840 shares in the company, valued at approximately $118,606.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.10% of the stock is currently owned by corporate insiders.
DDS has been the topic of several analyst reports. Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Deutsche Bank dropped their price objective on Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a report on Monday, August 19th. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $56.00 price objective (down from $62.00) on shares of Dillard’s in a report on Wednesday, August 14th. Finally, TheStreet lowered Dillard’s from a “b” rating to a “c” rating in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $54.33.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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