Twin Capital Management Inc. Purchases Shares of 1,658 Dillard’s, Inc. $DDS

Twin Capital Management Inc. acquired a new stake in Dillard’s, Inc. (NYSE:DDS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,658 shares of the company’s stock, valued at approximately $949,000.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $137,354,000 after acquiring an additional 225,734 shares during the period. AQR Capital Management LLC grew its position in Dillard’s by 12.4% during the fourth quarter. AQR Capital Management LLC now owns 116,577 shares of the company’s stock worth $70,686,000 after buying an additional 12,863 shares in the last quarter. Gotham Asset Management LLC grew its position in Dillard’s by 10.7% during the fourth 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. UBS Group AG increased its stake in Dillard’s by 27.7% during the 4th quarter. UBS Group AG now owns 67,895 shares of the company’s stock worth $41,167,000 after acquiring an additional 14,718 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Dillard’s by 75.6% during the 1st 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. 67.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DDS has been the topic of a number of analyst reports. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings downgraded shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, UBS Group lifted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. One research 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 company. According to MarketBeat.com, Dillard’s presently has a consensus rating of “Hold” and a consensus target price of $521.33.

Insiders Place Their Bets

In related news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction 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 transaction, the director owned 10,150 shares in the company, valued at $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 34.80% of the stock is owned by corporate insiders.

Dillard’s Trading Up 1.6%

Shares of NYSE DDS opened at $544.96 on Friday. 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 52-week low of $440.51 and a 52-week high of $741.97. The firm has a 50 day moving average price of $560.46 and a two-hundred day moving average price of $595.37. The stock has a market cap of $8.51 billion, a P/E ratio of 12.96 and a beta of 1.15.

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

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. 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.