Dillard’s, Inc. $DDS Stock Holdings Raised by Horrell Capital Management Inc.

Horrell Capital Management Inc. grew its holdings in Dillard’s, Inc. (NYSE:DDS) by 2.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,427 shares of the company’s stock after buying an additional 597 shares during the period. Dillard’s makes up 4.7% of Horrell Capital Management Inc.’s portfolio, making the stock its 5th largest holding. Horrell Capital Management Inc. owned approximately 0.18% of Dillard’s worth $11,460,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its holdings in shares of Dillard’s by 74.3% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 8,903 shares of the company’s stock valued at $3,720,000 after acquiring an additional 3,794 shares during the last quarter. Aviva PLC lifted its stake in shares of Dillard’s by 60.4% in the 2nd quarter. Aviva PLC now owns 2,431 shares of the company’s stock valued at $1,016,000 after purchasing an additional 915 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of Dillard’s by 37.2% in the 2nd quarter. Fox Run Management L.L.C. now owns 2,164 shares of the company’s stock worth $904,000 after purchasing an additional 587 shares during the period. Bank of Montreal Can increased its position in shares of Dillard’s by 13.5% during the 2nd quarter. Bank of Montreal Can now owns 2,708 shares of the company’s stock valued at $1,131,000 after purchasing an additional 323 shares during the last quarter. Finally, Impact Partnership Wealth LLC bought a new position in shares of Dillard’s during the 2nd quarter valued at approximately $343,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director J C. Watts, Jr. sold 750 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total transaction of $445,950.00. Following the transaction, the director owned 10,250 shares in the company, valued at approximately $6,094,650. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 34.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DDS. JPMorgan Chase & Co. increased their target price on shares of Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Telsey Advisory Group increased their price objective on shares of Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research report on Friday, August 15th. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $397.33.

Dillard’s Price Performance

Shares of DDS stock opened at $610.78 on Wednesday. The company has a market capitalization of $9.55 billion, a P/E ratio of 16.84 and a beta of 1.15. The company’s 50-day simple moving average is $600.38 and its two-hundred day simple moving average is $495.57. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $637.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 1.41.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard’s had a net margin of 8.87% and a return on equity of 30.55%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $11.09 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.25. Dillard’s’s dividend payout ratio (DPR) is currently 3.31%.

Dillard’s Company 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.