AXQ Capital LP Takes Position in Dillard’s, Inc. $DDS

AXQ Capital LP bought a new position in Dillard’s, Inc. (NYSE:DDS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 535 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently made changes to their positions in the business. Fox Run Management L.L.C. raised its position in Dillard’s by 37.2% during the second quarter. Fox Run Management L.L.C. now owns 2,164 shares of the company’s stock valued at $904,000 after purchasing an additional 587 shares during the period. Unison Advisors LLC boosted its holdings in shares of Dillard’s by 2.3% in the 2nd quarter. Unison Advisors LLC now owns 7,994 shares of the company’s stock worth $3,342,000 after purchasing an additional 182 shares during the period. Wedge Capital Management L L P NC increased its position 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 valued at $3,456,000 after purchasing an additional 771 shares during the last quarter. Inspire Investing LLC raised its holdings in Dillard’s by 217.8% during the 2nd quarter. Inspire Investing LLC now owns 3,048 shares of the company’s stock valued at $1,274,000 after buying an additional 2,089 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new stake in Dillard’s in the second quarter worth $836,000. Institutional investors own 67.15% of the company’s stock.

Dillard’s Trading Up 8.4%

DDS opened at $665.86 on Wednesday. The stock’s fifty day moving average is $608.80 and its two-hundred day moving average is $514.34. The company has a market capitalization of $10.41 billion, a P/E ratio of 18.36 and a beta of 1.15. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $737.73. 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 earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, topping the consensus estimate of $6.43 by $1.88. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $7.73 EPS. Analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 3.26%.

Wall Street Analyst Weigh In

DDS has been the topic of a number of analyst reports. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, October 8th. Telsey Advisory Group increased their price objective 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. UBS Group raised their price objective on shares of Dillard’s from $175.00 to $184.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Dillard’s has an average rating of “Reduce” and an average target price of $419.33.

Insider Transactions at Dillard’s

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

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.