US Bancorp DE Purchases 32 Shares of Dillard’s, Inc. $DDS

US Bancorp DE grew its position in Dillard’s, Inc. (NYSE:DDS) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293 shares of the company’s stock after purchasing an additional 32 shares during the quarter. US Bancorp DE’s holdings in Dillard’s were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Dillard’s by 3,989.8% during the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company’s stock worth $16,315,000 after acquiring an additional 36,866 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Dillard’s by 47.0% in the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company’s stock valued at $35,307,000 after acquiring an additional 26,132 shares during the period. Summit Street Capital Management LLC bought a new stake in Dillard’s during the 4th quarter valued at about $9,155,000. Gotham Asset Management LLC increased its position in Dillard’s by 218.3% during the 4th quarter. Gotham Asset Management LLC now owns 26,569 shares of the company’s stock valued at $11,471,000 after purchasing an additional 18,221 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Dillard’s during the 1st quarter valued at about $5,571,000. Institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DDS. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. UBS Group raised their price target on shares of Dillard’s from $170.00 to $175.00 and gave the company a “sell” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a report on Monday, July 28th. Finally, Telsey Advisory Group raised their price target on shares of Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a report on Friday.

Dillard’s Stock Up 3.1%

DDS stock opened at $514.23 on Monday. The firm has a 50 day moving average of $447.92 and a 200 day moving average of $408.20. The stock has a market capitalization of $8.04 billion, a PE ratio of 14.18 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $533.23.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 14th. The company reported $4.66 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.87. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Dillard’s had a net margin of 8.87% and a return on equity of 30.74%. Dillard’s’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business earned $11.09 EPS. Sell-side analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 2.76%.

Dillard’s Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.