Edgestream Partners L.P. Grows Stake in Dillard’s, Inc. $DDS

Edgestream Partners L.P. lifted its position in Dillard’s, Inc. (NYSE:DDS) by 81.8% during the 1st quarter, HoldingsChannel reports. The firm owned 10,766 shares of the company’s stock after buying an additional 4,844 shares during the period. Edgestream Partners L.P.’s holdings in Dillard’s were worth $6,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its stake 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 buying an additional 25 shares during the period. Atlas Capital Advisors Inc. bought a new position in Dillard’s in the 4th quarter worth about $29,000. Quarry LP bought a new position in Dillard’s in the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC raised 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 valued at $37,000 after acquiring an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

DDS has been the subject of several recent analyst reports. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, UBS Group boosted their price target on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $521.33.

Dillard’s Trading Up 2.5%

Shares of DDS stock opened at $603.74 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $567.05 and a two-hundred day moving average price of $590.67. Dillard’s, Inc. has a 12-month low of $449.64 and a 12-month high of $741.97. The firm has a market cap of $9.43 billion, a P/E ratio of 14.35 and a beta of 1.15.

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

Dillard’s Dividend Announcement

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

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.