Allianz Asset Management GmbH Has $108.16 Million Stake in Dillard’s, Inc. $DDS

Allianz Asset Management GmbH cut its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,024 shares of the company’s stock after selling 2,523 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.13% of Dillard’s worth $108,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DDS. Blue Trust Inc. raised its position in shares of Dillard’s by 7.5% during the third quarter. Blue Trust Inc. now owns 300 shares of the company’s stock worth $184,000 after acquiring an additional 21 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Dillard’s by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,325 shares of the company’s stock valued at $554,000 after purchasing an additional 23 shares during the period. Teacher Retirement System of Texas raised its holdings in Dillard’s by 2.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,040 shares of the company’s stock worth $639,000 after purchasing an additional 23 shares during the last quarter. Baron Wealth Management LLC raised its holdings in Dillard’s by 5.3% during the 3rd quarter. Baron Wealth Management LLC now owns 660 shares of the company’s stock worth $406,000 after purchasing an additional 33 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Dillard’s by 14.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 263 shares of the company’s stock worth $110,000 after purchasing an additional 34 shares during the period. Institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DDS. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. UBS Group lifted their price objective on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Finally, 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. One equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $511.33.

Dillard’s Price Performance

Shares of NYSE:DDS opened at $642.48 on Wednesday. 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, Inc. has a twelve month low of $282.24 and a twelve month high of $741.97. The stock’s 50 day moving average is $655.66 and its 200-day moving average is $598.52. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 17.44 and a beta of 1.27.

Dillard’s (NYSE:DDS) last posted its quarterly 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. 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 the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $7.73 EPS. Dillard’s’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, December 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) 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.