Swiss National Bank Sells 300 Shares of Dillard’s, Inc. $DDS

Swiss National Bank reduced its position in Dillard’s, Inc. (NYSE:DDS) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,900 shares of the company’s stock after selling 300 shares during the quarter. Swiss National Bank’s holdings in Dillard’s were worth $2,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DDS. PNC Financial Services Group Inc. raised its holdings in shares of Dillard’s by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $35,000 after buying an additional 38 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Dillard’s by 2,980.0% in the first quarter. Whipplewood Advisors LLC now owns 154 shares of the company’s stock worth $55,000 after buying an additional 149 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Dillard’s in the 4th quarter worth approximately $70,000. Farther Finance Advisors LLC increased its stake in shares of Dillard’s by 986.7% in the first quarter. Farther Finance Advisors LLC now owns 163 shares of the company’s stock worth $59,000 after buying an additional 148 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Dillard’s by 7,566.7% in the first quarter. Versant Capital Management Inc now owns 230 shares of the company’s stock valued at $82,000 after acquiring an additional 227 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DDS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a report on Monday, July 28th. UBS Group lifted their price objective on Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a research report on Friday, August 15th. Telsey Advisory Group boosted their target price on Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a research note on Friday, August 15th. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dillard’s currently has a consensus rating of “Sell” and a consensus price target of $394.33.

Dillard’s Price Performance

DDS opened at $532.5420 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 14.69 and a beta of 1.06. The stock has a fifty day simple moving average of $459.23 and a two-hundred day simple moving average of $410.70. Dillard’s, Inc. has a 12-month low of $282.24 and a 12-month high of $535.01.

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

Dillard’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 30th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is presently 2.76%.

Dillard’s Company 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.