Edgestream Partners L.P. Has $1.14 Million Stake in Dillard’s, Inc. $DDS

Edgestream Partners L.P. lowered its stake in Dillard’s, Inc. (NYSE:DDS) by 82.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,723 shares of the company’s stock after selling 12,833 shares during the quarter. Edgestream Partners L.P.’s holdings in Dillard’s were worth $1,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Dillard’s by 220.7% in the second quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 64 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 valued at $35,000 after buying an additional 38 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after buying an additional 73 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Dillard’s by 186.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 229 shares of the company’s stock worth $82,000 after buying an additional 149 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Dillard’s by 13.0% in the second quarter. Blue Trust Inc. now owns 279 shares of the company’s stock worth $117,000 after acquiring an additional 32 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Dillard’s Stock Up 2.3%

DDS opened at $696.67 on Friday. Dillard’s, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $737.73. The firm has a market capitalization of $10.90 billion, a P/E ratio of 18.91 and a beta of 1.25. The company’s 50-day moving average is $620.94 and its 200 day moving average is $528.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.00.

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

Dillard’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st will be given a $0.30 dividend. 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 currently 3.26%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DDS shares. JPMorgan Chase & Co. boosted their price objective on Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a report on Tuesday, November 25th. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. UBS Group raised their price objective on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research note on Friday, November 28th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $511.33.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 750 shares of the company’s 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 completion of the transaction, the director owned 10,250 shares in the company, valued at $6,094,650. This represents a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 34.80% of the company’s stock.

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.