Abacus FCF Advisors LLC Acquires Shares of 8,550 Dillard’s, Inc. $DDS

Abacus FCF Advisors LLC acquired a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,550 shares of the company’s stock, valued at approximately $5,254,000. Abacus FCF Advisors LLC owned approximately 0.05% of Dillard’s at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DDS. EverSource Wealth Advisors LLC grew its stake in Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares in the last quarter. GAMMA Investing LLC raised its stake in Dillard’s by 220.7% during the second quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after buying an additional 64 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dillard’s by 110.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after buying an additional 73 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Dillard’s in the 2nd quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Dillard’s by 100.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 170 shares of the company’s stock worth $71,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Dillard’s Price Performance

NYSE DDS opened at $631.87 on Tuesday. The company has a 50-day moving average price of $638.25 and a two-hundred day moving average price of $559.03. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $741.97. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 17.15 and a beta of 1.25. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.43 by $1.88. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company posted $7.73 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current 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. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, December 31st. Dillard’s’s payout ratio is 3.26%.

Insider Activity

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 completion of the transaction, the director 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 document filed with the SEC, which can be accessed through this link. Insiders own 34.80% of the company’s stock.

Dillard’s Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.