Capital Fund Management S.A. cut its position in shares of Dillard’s Inc. (NYSE:DDS) by 81.2% during the second quarter, Holdings Channel reports. The firm owned 11,187 shares of the company’s stock after selling 48,162 shares during the period. Capital Fund Management S.A.’s holdings in Dillard’s were worth $678,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Dillard’s by 186.8% in the first quarter. BlackRock Inc. now owns 3,531 shares of the company’s stock worth $300,000 after buying an additional 2,300 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Dillard’s by 5.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,926 shares of the company’s stock worth $238,000 after buying an additional 207 shares during the period. Aperio Group LLC raised its position in shares of Dillard’s by 27.8% in the first quarter. Aperio Group LLC now owns 4,138 shares of the company’s stock worth $351,000 after buying an additional 899 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Dillard’s during the second quarter worth approximately $267,000. Finally, Bank of Montreal Can bought a new position in shares of Dillard’s during the second quarter worth approximately $291,000. Institutional investors and hedge funds own 78.96% of the company’s stock.
Shares of Dillard’s Inc. (NYSE:DDS) traded down 0.36% during mid-day trading on Tuesday, hitting $66.00. 299,667 shares of the stock were exchanged. Dillard’s Inc. has a 52 week low of $54.37 and a 52 week high of $94.12. The stock’s 50-day moving average is $61.10 and its 200-day moving average is $64.53. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.90 and a beta of 1.18.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm earned $0.75 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. Analysts forecast that Dillard’s Inc. will post $5.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Wednesday, September 28th. Dillard’s’s payout ratio is currently 4.65%.
A number of brokerages recently commented on DDS. Zacks Investment Research upgraded shares of Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, July 13th. Telsey Advisory Group boosted their price objective on shares of Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 12th. Credit Suisse Group AG raised shares of Dillard’s from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $63.00 to $70.00 in a report on Wednesday, September 28th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $55.00 price objective on shares of Dillard’s in a report on Friday, August 12th. Four analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.39.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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