American Century Companies Inc. Has $18.10 Million Stock Position in Dillard’s, Inc. $DDS

American Century Companies Inc. boosted its position in shares of Dillard’s, Inc. (NYSE:DDS) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,328 shares of the company’s stock after purchasing an additional 773 shares during the quarter. American Century Companies Inc. owned about 0.28% of Dillard’s worth $18,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DDS. New Vernon Capital Holdings II LLC grew its position in shares of Dillard’s by 26,618.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company’s stock worth $66,694,000 after buying an additional 185,531 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after buying an additional 28,468 shares during the period. Northern Trust Corp boosted its stake in Dillard’s by 84.1% in the first quarter. Northern Trust Corp now owns 46,416 shares of the company’s stock valued at $16,623,000 after acquiring an additional 21,199 shares during the last quarter. Nuveen LLC acquired a new stake in Dillard’s during the 1st quarter worth $6,250,000. Finally, Quantbot Technologies LP grew its holdings in Dillard’s by 1,231.0% during the 1st quarter. Quantbot Technologies LP now owns 18,754 shares of the company’s stock worth $6,716,000 after acquiring an additional 17,345 shares during the period. Institutional investors own 67.15% of the company’s stock.

Insider Activity at Dillard’s

In other news, Director J C. Watts, Jr. sold 750 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $594.60, for a total transaction of $445,950.00. Following the completion of the transaction, the director directly owned 10,250 shares in the company, valued at $6,094,650. This represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 34.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DDS has been the topic of a number of analyst reports. UBS Group increased their price target on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. Telsey Advisory Group increased their target price on Dillard’s from $450.00 to $550.00 and gave the company a “market perform” rating in a research note on Friday, August 15th. Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, JPMorgan Chase & Co. upped their price target on Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Dillard’s presently has an average rating of “Hold” and an average target price of $511.33.

Dillard’s Price Performance

Shares of DDS opened at $676.96 on Wednesday. The stock has a market capitalization of $10.59 billion, a P/E ratio of 18.38 and a beta of 1.25. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $737.73. The company has a 50 day moving average of $616.56 and a 200-day moving average of $523.95. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 0.21.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, November 13th. The company reported $8.31 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.88. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $7.73 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s payout ratio is 3.26%.

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.