Wedge Capital Management L L P NC Sells 5,367 Shares of Dillard’s, Inc. (NYSE:DDS)

Wedge Capital Management L L P NC reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,874 shares of the company’s stock after selling 5,367 shares during the quarter. Wedge Capital Management L L P NC owned about 0.60% of Dillard’s worth $43,103,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Dillard’s by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock worth $25,367,000 after purchasing an additional 3,942 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Dillard’s during the 4th quarter worth approximately $9,036,000. Handelsbanken Fonder AB acquired a new stake in shares of Dillard’s during the 4th quarter worth approximately $1,049,000. Hennessy Advisors Inc. boosted its position in shares of Dillard’s by 43.5% during the 1st quarter. Hennessy Advisors Inc. now owns 13,200 shares of the company’s stock worth $6,226,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Duality Advisers LP boosted its position in shares of Dillard’s by 90.8% during the 1st quarter. Duality Advisers LP now owns 7,213 shares of the company’s stock worth $3,402,000 after acquiring an additional 3,433 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Telsey Advisory Group increased their price target on shares of Dillard’s from $450.00 to $475.00 and gave the stock a “market perform” rating in a research report on Friday, May 17th.

Dillard’s Trading Down 10.8 %

Shares of NYSE:DDS traded down $42.06 during mid-day trading on Thursday, reaching $348.90. 443,827 shares of the company’s stock were exchanged, compared to its average volume of 103,837. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 7.88 and a beta of 0.90. The business’s fifty day moving average price is $414.91 and its 200-day moving average price is $423.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 2.40. Dillard’s, Inc. has a twelve month low of $286.39 and a twelve month high of $476.48.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Saturday, May 18th. The company reported $11.09 EPS for the quarter, topping analysts’ consensus estimates of $9.69 by $1.40. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. Dillard’s’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.85 earnings per share. On average, research analysts predict that Dillard’s, Inc. will post 34.47 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, June 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. Dillard’s’s dividend payout ratio (DPR) is presently 2.27%.

Dillard’s Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.