Vanguard Personalized Indexing Management LLC Has $537,000 Stake in Dillard’s, Inc. $DDS

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 22.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,285 shares of the company’s stock after buying an additional 232 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Dillard’s were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DDS. Farther Finance Advisors LLC lifted its holdings in shares of Dillard’s by 986.7% in the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company’s stock worth $59,000 after purchasing an additional 148 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Dillard’s by 3.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,047 shares of the company’s stock worth $375,000 after acquiring an additional 35 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Dillard’s by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 77,691 shares of the company’s stock worth $27,823,000 after acquiring an additional 641 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Dillard’s by 97.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,302 shares of the company’s stock worth $466,000 after acquiring an additional 642 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Dillard’s by 35.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 18,529 shares of the company’s stock worth $6,641,000 after acquiring an additional 4,867 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DDS. UBS Group lifted their price objective on Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a report on Friday, August 15th. Telsey Advisory Group boosted their price objective on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a report on Friday, August 15th. JPMorgan Chase & Co. boosted their target price on Dillard’s from $368.00 to $458.00 and gave the stock an “underweight” rating in a research report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Dillard’s presently has a consensus rating of “Reduce” and an average target price of $394.33.

Dillard’s Price Performance

Shares of DDS stock opened at $594.24 on Wednesday. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 16.39 and a beta of 1.09. The business’s fifty day moving average is $575.90 and its 200 day moving average is $463.03. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $637.73. 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 quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.87. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The firm’s revenue for the quarter 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. Research analysts expect that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be paid a $0.30 dividend. 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Dillard’s’s payout ratio is currently 3.31%.

Insider Activity at Dillard’s

In other news, Director J C. Watts, Jr. sold 750 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total value of $445,950.00. Following the sale, the director directly owned 10,250 shares of the company’s stock, valued at approximately $6,094,650. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 34.80% of the company’s stock.

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.