Sowell Financial Services LLC Acquires 168 Shares of Dillard’s, Inc. $DDS

Sowell Financial Services LLC boosted its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 22.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 912 shares of the company’s stock after acquiring an additional 168 shares during the quarter. Sowell Financial Services LLC’s holdings in Dillard’s were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DDS. Deutsche Bank AG grew its holdings in Dillard’s by 275.4% during the 4th quarter. Deutsche Bank AG now owns 976 shares of the company’s stock worth $421,000 after acquiring an additional 716 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dillard’s by 27.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,132 shares of the company’s stock worth $4,374,000 after acquiring an additional 2,155 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dillard’s during the 4th quarter worth approximately $405,000. Versant Capital Management Inc grew its holdings in Dillard’s by 7,566.7% during the 1st quarter. Versant Capital Management Inc now owns 230 shares of the company’s stock worth $82,000 after acquiring an additional 227 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Dillard’s by 47,109.1% during the 1st quarter. GAMMA Investing LLC now owns 10,386 shares of the company’s stock worth $3,720,000 after acquiring an additional 10,364 shares during the last quarter. 67.15% of the stock is owned by institutional investors.

Dillard’s Stock Up 0.1%

Shares of NYSE DDS opened at $611.57 on Friday. The firm has a market cap of $9.56 billion, a PE ratio of 16.87 and a beta of 0.99. Dillard’s, Inc. has a 12-month low of $282.24 and a 12-month high of $611.99. The company’s fifty day simple moving average is $528.71 and its 200 day simple moving average is $431.29. 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 (NYSE:DDS) last issued its 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 for 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 30.55%. Dillard’s’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $11.09 earnings per share. As a group, sell-side analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be issued 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 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio is currently 2.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. UBS Group upped 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. Telsey Advisory Group upped 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, JPMorgan Chase & Co. upped 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. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Sell” and a consensus price target of $394.33.

About Dillard’s

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.