Advisors Asset Management Inc. Grows Stock Position in Dillard’s, Inc. $DDS

Advisors Asset Management Inc. boosted its position in shares of Dillard’s, Inc. (NYSE:DDS) by 19.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,357 shares of the company’s stock after buying an additional 1,875 shares during the quarter. Advisors Asset Management Inc. owned 0.07% of Dillard’s worth $6,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of Dillard’s during the third quarter valued at approximately $52,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Dillard’s during the second quarter valued at approximately $55,000. Finally, Tower Research Capital LLC TRC increased its stake in 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 buying an additional 85 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. lifted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Finally, UBS Group upped their price target on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $511.33.

Dillard’s Stock Performance

Shares of DDS opened at $647.92 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.13 billion, a PE ratio of 17.59 and a beta of 1.27. Dillard’s, Inc. has a 12 month low of $282.24 and a 12 month high of $741.97. The stock has a fifty day moving average price of $651.33 and a 200-day moving average price of $604.71.

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

Dillard’s Announces Dividend

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

Dillard’s Company 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.