Monument Capital Management Purchases New Holdings in Dillard’s, Inc. $DDS

Monument Capital Management purchased a new position in Dillard’s, Inc. (NYSE:DDS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,993 shares of the company’s stock, valued at approximately $2,675,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Dillard’s by 18.7% during the 1st quarter. Renaissance Technologies LLC now owns 142,180 shares of the company’s stock valued at $81,343,000 after purchasing an additional 22,400 shares during the period. Gotham Asset Management LLC increased its stake in Dillard’s by 10.7% in the 4th quarter. Gotham Asset Management LLC now owns 73,642 shares of the company’s stock worth $44,652,000 after buying an additional 7,123 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Dillard’s by 6.4% during the second quarter. Wedge Capital Management L L P NC now owns 65,318 shares of the company’s stock valued at $34,515,000 after acquiring an additional 3,907 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Dillard’s by 1,331.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 40,715 shares of the company’s stock valued at $23,293,000 after acquiring an additional 37,871 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Dillard’s by 101.3% in the second quarter. Squarepoint Ops LLC now owns 33,581 shares of the company’s stock valued at $17,745,000 after acquiring an additional 16,901 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DDS shares. UBS Group upped their price objective on Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a research note on Monday, August 17th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Weiss Ratings downgraded shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $545.67.

Dillard’s Price Performance

Shares of Dillard’s stock opened at $648.82 on Friday. The firm has a market cap of $10.13 billion, a PE ratio of 14.86 and a beta of 1.11. The stock has a 50 day moving average of $635.42 and a 200 day moving average of $592.95. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16. Dillard’s, Inc. has a 12 month low of $503.06 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $1.96. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. On average, research analysts expect that Dillard’s, Inc. will post 35.5 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. 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 2.75%.

Dillard’s Profile

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.