Voya Investment Management LLC Boosts Stake in Dillard’s, Inc. $DDS

Voya Investment Management LLC raised its holdings in Dillard’s, Inc. (NYSE:DDS) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,600 shares of the company’s stock after buying an additional 409 shares during the period. Voya Investment Management LLC’s holdings in Dillard’s were worth $1,289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC acquired a new stake in shares of Dillard’s in the 1st quarter valued at $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 in the last quarter. 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 in the last quarter. Quantinno Capital Management LP purchased a new stake in Dillard’s during the fourth quarter worth about $285,000. Finally, Advisors Asset Management Inc. purchased a new stake in Dillard’s during the first quarter worth about $1,318,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on DDS shares. Wall Street Zen downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. 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, August 15th. 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 objective on shares of Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average price target of $394.33.

Dillard’s Trading Down 4.3%

Shares of DDS stock opened at $573.35 on Tuesday. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $610.00. The firm’s fifty day simple moving average is $518.65 and its 200 day simple moving average is $427.13. The firm has a market capitalization of $8.97 billion, a P/E ratio of 15.81 and a beta of 0.99. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard’s had a net margin of 8.87% and a return on equity of 30.55%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $11.09 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 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.