GAMMA Investing LLC Raises Stake in Dillard’s, Inc. $DDS

GAMMA Investing LLC increased its stake in Dillard’s, Inc. (NYSE:DDS) by 220.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 93 shares of the company’s stock after buying an additional 64 shares during the quarter. GAMMA Investing LLC’s holdings in Dillard’s were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDS. PNC Financial Services Group Inc. boosted its holdings in shares of Dillard’s by 62.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock worth $35,000 after buying an additional 38 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Dillard’s by 986.7% during the first quarter. Farther Finance Advisors LLC now owns 163 shares of the company’s stock valued at $59,000 after purchasing an additional 148 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Dillard’s by 186.3% during the first quarter. Geneos Wealth Management Inc. now owns 229 shares of the company’s stock valued at $82,000 after purchasing an additional 149 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Dillard’s by 51.3% during the first quarter. Acadian Asset Management LLC now owns 283 shares of the company’s stock valued at $101,000 after purchasing an additional 96 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Stock Down 1.2%

Shares of NYSE DDS opened at $616.08 on Friday. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $637.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.41. The firm’s 50 day simple moving average is $545.37 and its two-hundred day simple moving average is $442.53. The stock has a market capitalization of $9.64 billion, a P/E ratio of 16.99 and a beta of 1.09.

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

Dillard’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders 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 is an increase 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 3.31%.

Wall Street Analyst Weigh In

DDS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Saturday, September 27th. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Telsey Advisory Group upped their price target on Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a research report on Friday, August 15th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. upped their price target on Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $394.33.

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.