Wellington Management Group LLP Invests $1.73 Million in Dillard’s, Inc. $DDS

Wellington Management Group LLP acquired a new stake in Dillard’s, Inc. (NYSE:DDS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,266 shares of the company’s stock, valued at approximately $1,726,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DDS. Royal Bank of Canada raised its holdings in Dillard’s by 322.9% during the first quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after acquiring an additional 2,680 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares in the last quarter. Millennium Management LLC increased its position in shares of Dillard’s by 18.3% during the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after purchasing an additional 6,913 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 purchasing an additional 28,468 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Dillard’s during the 1st quarter worth approximately $3,746,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of 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 shares of Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research report on Monday, August 17th. UBS Group increased their price target on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research note on Monday, August 17th. Finally, Weiss Ratings cut shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $545.67.

Dillard’s Price Performance

NYSE:DDS opened at $651.23 on Friday. Dillard’s, Inc. has a 12-month low of $503.06 and a 12-month high of $741.97. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 14.92 and a beta of 1.15. The stock’s 50 day moving average price is $595.77 and its two-hundred day moving average price is $585.69. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. The company had revenue of $1.53 billion during 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, analysts anticipate that Dillard’s, Inc. will post 35.5 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.75%.

Dillard’s Company Profile

Dillard’s, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard’s also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.