JPMorgan Chase & Co. Has $9.64 Million Position in Dillard’s, Inc. $DDS

JPMorgan Chase & Co. grew its position in Dillard’s, Inc. (NYSE:DDS) by 67.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,077 shares of the company’s stock after acquiring an additional 9,271 shares during the period. JPMorgan Chase & Co. owned about 0.15% of Dillard’s worth $9,642,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DDS. GAMMA Investing LLC lifted its stake in Dillard’s by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Dillard’s by 62.3% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 acquiring an additional 73 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 149 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Dillard’s by 13.0% during the 2nd quarter. Blue Trust Inc. now owns 279 shares of the company’s stock worth $117,000 after acquiring an additional 32 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DDS shares. UBS Group raised 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. JPMorgan Chase & Co. upped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, October 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. Finally, Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Dillard’s currently has a consensus rating of “Hold” and a consensus target price of $511.33.

Insider Buying and Selling at Dillard’s

In related 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 sale, the director directly owned 10,250 shares in the company, valued at $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 is available at this hyperlink. 34.80% of the stock is currently owned by corporate insiders.

Dillard’s Stock Performance

NYSE:DDS opened at $710.25 on Wednesday. The stock has a market cap of $11.11 billion, a P/E ratio of 19.28 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. The stock’s 50-day moving average is $624.17 and its 200-day moving average is $533.88. Dillard’s, Inc. has a 1-year low of $282.24 and a 1-year high of $737.73.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, November 13th. The company reported $8.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.43 by $1.88. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The business 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 earned $7.73 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Announces Dividend

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

Dillard’s 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.