Dillard’s, Inc. $DDS Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 31.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,280 shares of the company’s stock after purchasing an additional 4,142 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.11% of Dillard’s worth $10,867,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DDS. Wedge Capital Management L L P NC grew its stake in shares of Dillard’s by 756.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock worth $43,554,000 after purchasing an additional 62,608 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Dillard’s by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after purchasing an additional 28,468 shares during the period. Norges Bank purchased a new stake in Dillard’s during the second quarter worth $10,238,000. Jacobs Levy Equity Management Inc. acquired a new stake in Dillard’s during the first quarter valued at $5,689,000. Finally, AQR Capital Management LLC increased its holdings in Dillard’s by 14.8% in the second quarter. AQR Capital Management LLC now owns 91,015 shares of the company’s stock valued at $38,029,000 after buying an additional 11,733 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Dillard’s

In related news, Director J C. Watts, Jr. sold 750 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 10,250 shares in the company, valued at approximately $6,094,650. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 34.80% of the company’s stock.

Dillard’s Price Performance

NYSE:DDS opened at $645.85 on Tuesday. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $741.97. The stock’s fifty day moving average is $639.88 and its two-hundred day moving average is $566.67. The company has a market capitalization of $10.10 billion, a P/E ratio of 17.53 and a beta of 1.20. 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 posted its earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.88. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.73 EPS. Equities analysts expect that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio is currently 3.26%.

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.