Point72 DIFC Ltd Has $480,000 Stock Position in Dillard’s, Inc. (NYSE:DDS)

Point72 DIFC Ltd increased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 8,975.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,089 shares of the company’s stock after purchasing an additional 1,077 shares during the period. Point72 DIFC Ltd’s holdings in Dillard’s were worth $480,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Dillard’s during the 2nd quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of Dillard’s in the 1st quarter valued at approximately $68,000. SG Americas Securities LLC raised its holdings in shares of Dillard’s by 31.0% in the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after buying an additional 78 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Dillard’s by 45.1% during the 2nd quarter. Blue Trust Inc. now owns 341 shares of the company’s stock worth $161,000 after buying an additional 106 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Dillard’s by 5,025.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 410 shares of the company’s stock valued at $181,000 after buying an additional 402 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dillard’s

In related news, Director Robert C. Connor purchased 100 shares of the stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of $346.82 per share, with a total value of $34,682.00. Following the purchase, the director now directly owns 78,000 shares in the company, valued at approximately $27,051,960. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 33.80% of the stock is owned by corporate insiders.

Dillard’s Trading Down 0.8 %

DDS stock opened at $376.24 on Thursday. The business has a fifty day moving average of $367.35 and a 200-day moving average of $411.03. The company has a market cap of $6.11 billion, a P/E ratio of 8.55 and a beta of 0.85. Dillard’s, Inc. has a twelve month low of $286.39 and a twelve month high of $476.48. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27.

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

Dillard’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Monday, September 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.27%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DDS. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. UBS Group dropped their price target on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a report on Friday, August 16th. Finally, Telsey Advisory Group decreased their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a report on Friday, August 16th.

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.