Financial Synergies Wealth Advisors Inc. Purchases New Shares in Dillard’s, Inc. $DDS

Financial Synergies Wealth Advisors Inc. acquired a new position in Dillard’s, Inc. (NYSE:DDS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,001 shares of the company’s stock, valued at approximately $607,000.

Several other hedge funds have also added to or reduced their stakes in DDS. Northwestern Mutual Wealth Management Co. raised its position in Dillard’s by 28,394.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock worth $137,354,000 after acquiring an additional 225,734 shares during the period. Balyasny Asset Management L.P. bought a new stake in Dillard’s in the third quarter worth about $31,813,000. Man Group plc raised its position in Dillard’s by 464.3% in the third quarter. Man Group plc now owns 38,806 shares of the company’s stock worth $23,846,000 after acquiring an additional 31,929 shares during the period. Goldman Sachs Group Inc. raised its position in Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after acquiring an additional 28,468 shares during the period. Finally, Gotham Asset Management LLC raised its position in Dillard’s by 52.8% in the third quarter. Gotham Asset Management LLC now owns 66,519 shares of the company’s stock worth $40,875,000 after acquiring an additional 22,991 shares during the period. Institutional investors own 67.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DDS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. UBS Group lifted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Finally, Telsey Advisory Group lowered their price objective on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $521.33.

Dillard’s Price Performance

DDS opened at $539.03 on Thursday. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 12.82 and a beta of 1.17. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $576.47 and a 200-day moving average price of $618.49. Dillard’s, Inc. has a twelve month low of $386.85 and a twelve month high of $741.97.

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

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Tuesday, March 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s 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.