PineBridge Investments L.P. decreased its stake in Dillard’s Inc. (NYSE:DDS) by 22.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,700 shares of the company’s stock after selling 500 shares during the period. PineBridge Investments L.P.’s holdings in Dillard’s were worth $103,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in shares of Dillard’s by 162.3% in the second quarter. Prudential Financial Inc. now owns 231,720 shares of the company’s stock worth $14,042,000 after buying an additional 143,384 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dillard’s by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,324,652 shares of the company’s stock worth $80,274,000 after buying an additional 157,924 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Dillard’s during the second quarter worth $1,857,000. Acrospire Investment Management LLC raised its stake in shares of Dillard’s by 120.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $133,000 after buying an additional 1,200 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of Dillard’s by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 3,197 shares of the company’s stock worth $194,000 after buying an additional 383 shares during the period. Hedge funds and other institutional investors own 78.96% of the company’s stock.
Dillard’s Inc. (NYSE:DDS) opened at 65.86 on Friday. The firm has a 50-day moving average price of $61.24 and a 200 day moving average price of $65.04. Dillard’s Inc. has a one year low of $54.37 and a one year high of $94.12. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 10.88 and a beta of 1.18.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Dillard’s had a return on equity of 11.74% and a net margin of 3.31%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts expect that Dillard’s Inc. will post $5.88 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a $0.07 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. Dillard’s’s dividend payout ratio is currently 4.65%.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Dillard’s from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Thursday. Credit Suisse Group AG upgraded Dillard’s from a “neutral” rating to an “outperform” rating and raised their target price for the company from $63.00 to $70.00 in a research note on Wednesday, September 28th. Bank of America Corp. restated a “sell” rating and issued a $55.00 target price on shares of Dillard’s in a research note on Friday, August 12th. Finally, Telsey Advisory Group raised their target price on Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 12th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $66.39.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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