Inspire Investing LLC Purchases 3,279 Shares of Dillard’s, Inc. $DDS

Inspire Investing LLC increased its position in Dillard’s, Inc. (NYSE:DDS) by 90.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,897 shares of the company’s stock after purchasing an additional 3,279 shares during the quarter. Inspire Investing LLC’s holdings in Dillard’s were worth $3,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its stake in Dillard’s by 16.2% in the first quarter. Pictet Asset Management Holding SA now owns 568 shares of the company’s stock worth $325,000 after purchasing an additional 79 shares during the period. Sterling Capital Management LLC lifted its position in Dillard’s by 7.5% during the first quarter. Sterling Capital Management LLC now owns 3,166 shares of the company’s stock valued at $1,811,000 after buying an additional 222 shares during the period. CPC Advisors LLC purchased a new position in Dillard’s during the first quarter valued at $1,938,000. SG Americas Securities LLC boosted its holdings in shares of Dillard’s by 1,773.6% during the 1st quarter. SG Americas Securities LLC now owns 5,321 shares of the company’s stock valued at $3,044,000 after buying an additional 5,037 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Dillard’s by 108.7% during the 4th 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 in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DDS. Weiss Ratings downgraded shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, UBS Group upped their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Dillard’s currently has a consensus rating of “Hold” and a consensus price target of $521.33.

Insider Buying and Selling at Dillard’s

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

Dillard’s Stock Down 7.2%

NYSE:DDS opened at $536.22 on Tuesday. The firm has a market cap of $8.38 billion, a P/E ratio of 12.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 2.37. Dillard’s, Inc. has a fifty-two week low of $410.19 and a fifty-two week high of $741.97. The firm has a 50-day simple moving average of $575.86 and a two-hundred day simple moving average of $607.24.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 14th. The company reported $16.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.13 by $5.91. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $10.39 earnings per share. Analysts predict that Dillard’s, Inc. will post 35.26 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

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

Dillard’s 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.