NewEdge Wealth LLC Takes $1.41 Million Position in Dillard’s, Inc. $DDS

NewEdge Wealth LLC acquired a new position in Dillard’s, Inc. (NYSE:DDS) during the first quarter, Holdings Channel.com reports. The firm acquired 2,460 shares of the company’s stock, valued at approximately $1,407,000.

Several other institutional investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its position in Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after purchasing an additional 25 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Dillard’s in the fourth quarter valued at $29,000. Quarry LP acquired a new stake in Dillard’s during the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC grew its position in Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the period. Finally, Global Retirement Partners LLC grew its position in Dillard’s by 6,300.0% during the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DDS. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. UBS Group lifted their price target on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $521.33.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $568.95 on Monday. The company’s fifty day moving average price is $563.04 and its 200 day moving average price is $592.94. Dillard’s, Inc. has a 1 year low of $449.64 and a 1 year high of $741.97. The company has a market capitalization of $8.89 billion, a PE ratio of 13.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 2.37.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating the consensus estimate of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business earned $10.39 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Dillard’s, Inc. will post 35.26 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s dividend payout ratio is presently 2.85%.

Insider Activity at Dillard’s

In other news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the sale, the director directly owned 10,150 shares in the company, valued at $6,183,177. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.80% of the stock is owned by company insiders.

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.