Public Employees Retirement System of Ohio Grows Holdings in Dillard’s, Inc. $DDS

Public Employees Retirement System of Ohio grew its position in Dillard’s, Inc. (NYSE:DDS) by 22.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,259 shares of the company’s stock after acquiring an additional 227 shares during the period. Public Employees Retirement System of Ohio’s holdings in Dillard’s were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DDS. GAMMA Investing LLC raised its holdings in Dillard’s by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock worth $39,000 after purchasing an additional 64 shares during the period. Sowell Financial Services LLC increased its position in shares of Dillard’s by 22.6% in the second quarter. Sowell Financial Services LLC now owns 912 shares of the company’s stock valued at $381,000 after buying an additional 168 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Dillard’s by 10.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 8,272 shares of the company’s stock worth $3,456,000 after buying an additional 771 shares during the period. Baron Wealth Management LLC acquired a new position in shares of Dillard’s during the 2nd quarter worth approximately $262,000. Finally, Parallel Advisors LLC lifted its position in shares of Dillard’s by 115.8% during the 2nd quarter. Parallel Advisors LLC now owns 356 shares of the company’s stock valued at $149,000 after buying an additional 191 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $616.08 on Monday. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $637.73. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 16.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.68. The business’s 50 day moving average price is $545.37 and its 200 day moving average price is $443.10.

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, beating the consensus estimate of $3.79 by $0.87. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business earned $11.09 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. This is a boost from Dillard’s’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, September 30th. Dillard’s’s payout ratio is presently 3.31%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DDS. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Telsey Advisory Group upped their price target on shares of Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research 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 research note on Monday, July 28th. Finally, UBS Group boosted their price objective on Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $394.33.

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.