Dillard’s, Inc. $DDS Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its stake in Dillard’s, Inc. (NYSE:DDS) by 186.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229 shares of the company’s stock after acquiring an additional 149 shares during the period. Geneos Wealth Management Inc.’s holdings in Dillard’s were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Dillard’s in the 1st quarter valued at about $266,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Dillard’s by 3.5% in the first quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company’s stock valued at $375,000 after acquiring an additional 35 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Dillard’s by 47,109.1% in the first quarter. GAMMA Investing LLC now owns 10,386 shares of the company’s stock valued at $3,720,000 after acquiring an additional 10,364 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Dillard’s in the fourth quarter valued at approximately $285,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Dillard’s in the first quarter valued at approximately $1,318,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. increased their target price on shares of Dillard’s from $368.00 to $458.00 and gave the stock an “underweight” rating in a research note on Monday, July 28th. Telsey Advisory Group increased their price objective on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research report on Friday, August 15th. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Sell” and a consensus target price of $394.33.

Dillard’s Trading Up 0.5%

NYSE:DDS opened at $595.94 on Thursday. The company has a market capitalization of $9.32 billion, a PE ratio of 16.44 and a beta of 0.99. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. Dillard’s, Inc. has a 52-week low of $282.24 and a 52-week high of $606.96. The stock has a fifty day simple moving average of $509.25 and a 200-day simple moving average of $421.60.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.87. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.09 EPS. On average, equities research analysts expect 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. Investors of record on Tuesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. This is an increase from Dillard’s’s previous quarterly dividend of $0.25. Dillard’s’s payout ratio is presently 3.31%.

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.