Hsbc Holdings PLC Grows Position in Dillard’s, Inc. $DDS

Hsbc Holdings PLC boosted its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 52.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,538 shares of the company’s stock after purchasing an additional 526 shares during the period. Hsbc Holdings PLC’s holdings in Dillard’s were worth $551,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DDS. Millennium Management LLC grew its position in Dillard’s by 3,989.8% during the 4th quarter. Millennium Management LLC now owns 37,790 shares of the company’s stock worth $16,315,000 after purchasing an additional 36,866 shares during the last quarter. Summit Street Capital Management LLC purchased a new stake in Dillard’s during the 4th quarter worth approximately $9,155,000. Northern Trust Corp grew its position in Dillard’s by 84.1% during the 1st quarter. Northern Trust Corp now owns 46,416 shares of the company’s stock worth $16,623,000 after purchasing an additional 21,199 shares during the last quarter. Gotham Asset Management LLC grew 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 worth $11,471,000 after purchasing an additional 18,221 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Dillard’s during the 1st quarter worth approximately $6,250,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

DDS has been the subject of several research reports. UBS Group lifted their price objective on shares of Dillard’s from $170.00 to $175.00 and gave the company a “sell” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Telsey Advisory Group lifted their price objective on shares of 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 cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $394.33.

Dillard’s Price Performance

Shares of NYSE DDS opened at $531.98 on Tuesday. The firm has a market cap of $8.32 billion, a PE ratio of 14.67 and a beta of 0.99. The firm has a fifty day moving average of $475.06 and a 200 day moving average of $411.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $553.18.

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

Dillard’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, September 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Dillard’s’s previous quarterly dividend of $0.25. Dillard’s’s payout ratio 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.