Denali Advisors LLC Raises Stock Position in Dillard’s, Inc. (NYSE:DDS)

Denali Advisors LLC increased its stake in Dillard’s, Inc. (NYSE:DDS) by 31.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,009 shares of the company’s stock after purchasing an additional 3,089 shares during the quarter. Dillard’s accounts for 1.6% of Denali Advisors LLC’s portfolio, making the stock its 21st largest position. Denali Advisors LLC’s holdings in Dillard’s were worth $5,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Newport Trust Company LLC raised its position in Dillard’s by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock worth $2,019,147,000 after acquiring an additional 47,951 shares during the period. Vanguard Group Inc. raised its position in Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after acquiring an additional 52,974 shares during the period. Renaissance Technologies LLC raised its position in Dillard’s by 36.0% in the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after acquiring an additional 32,900 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Dillard’s by 1.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock worth $46,798,000 after acquiring an additional 1,265 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Dillard’s by 110.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock worth $27,881,000 after acquiring an additional 36,253 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Up 0.5 %

Shares of DDS stock opened at $351.11 on Tuesday. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 7.98 and a beta of 0.85. Dillard’s, Inc. has a one year low of $286.39 and a one year high of $476.48. The company’s fifty day moving average price is $377.19 and its 200-day moving average price is $412.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing the consensus estimate of $5.97 by ($1.38). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.98 earnings per share. Sell-side analysts expect that Dillard’s, Inc. will post 31.2 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. Dillard’s’s payout ratio is 2.27%.

Wall Street Analysts Forecast Growth

DDS has been the topic of several recent research reports. UBS Group decreased their price target on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, August 16th. Telsey Advisory Group decreased their price target on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Activity

In related news, Director Robert C. Connor purchased 100 shares of Dillard’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the acquisition, the director now owns 78,000 shares in the company, valued at approximately $27,051,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 33.80% of the company’s stock.

Dillard’s Company 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.