Dillard’s, Inc. $DDS Shares Purchased by Newport Trust Company LLC

Newport Trust Company LLC increased its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,523,121 shares of the company’s stock after purchasing an additional 7,144 shares during the period. Dillard’s makes up 6.6% of Newport Trust Company LLC’s portfolio, making the stock its 6th largest holding. Newport Trust Company LLC owned about 0.29% of Dillard’s worth $2,742,549,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Dillard’s during the third quarter worth $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Dillard’s by 790.0% during the second 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. Global Retirement Partners LLC lifted its holdings in shares of Dillard’s by 6,300.0% during the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Dillard’s during the second quarter worth $55,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DDS. Telsey Advisory Group reduced their target price on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a report on Wednesday, February 25th. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. UBS Group raised their target price on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reduced their target price on Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Dillard’s presently has a consensus rating of “Reduce” and a consensus price target of $521.33.

Dillard’s Trading Up 2.3%

Shares of DDS stock opened at $552.08 on Friday. Dillard’s, Inc. has a fifty-two week low of $386.85 and a fifty-two week high of $741.97. The stock has a market cap of $8.62 billion, a P/E ratio of 13.13 and a beta of 1.17. The business has a fifty day simple moving average of $575.55 and a 200-day simple moving average of $618.14. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business posted $10.39 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that Dillard’s, Inc. will post 33.12 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st were given a $0.30 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) 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.