Prudential Financial Inc. raised its position in shares of Dillard’s Inc. (NYSE:DDS) by 162.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 231,720 shares of the company’s stock after buying an additional 143,384 shares during the period. Prudential Financial Inc. owned approximately 0.67% of Dillard’s worth $14,042,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted 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 in the last quarter. Suntrust Banks Inc. boosted its position in shares of Dillard’s by 5.7% in the second quarter. Suntrust Banks Inc. now owns 4,079 shares of the company’s stock worth $246,000 after buying an additional 221 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Dillard’s by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 3,197 shares of the company’s stock worth $194,000 after buying an additional 383 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Dillard’s by 24.4% in the second quarter. Mutual of America Capital Management LLC now owns 3,140 shares of the company’s stock worth $190,000 after buying an additional 615 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of Dillard’s by 14.4% in the second quarter. Wedge Capital Management L L P NC now owns 5,981 shares of the company’s stock worth $362,000 after buying an additional 751 shares in the last quarter. Institutional investors own 78.96% of the company’s stock.
Shares of Dillard’s Inc. (NYSE:DDS) opened at 63.01 on Friday. The firm’s 50-day moving average is $61.82 and its 200-day moving average is $65.64. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 10.41 and a beta of 1.15. Dillard’s Inc. has a one year low of $54.37 and a one year high of $94.12.
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 the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Analysts expect that Dillard’s Inc. will post $5.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.28 annualized dividend and a yield of 0.44%. Dillard’s’s dividend payout ratio is currently 4.65%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Wednesday, July 13th. Telsey Advisory Group increased their price objective on shares of Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 12th. Credit Suisse Group AG upgraded shares of Dillard’s from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $63.00 to $70.00 in a research note on Wednesday. Finally, Bank of America Corp. reaffirmed a “sell” rating and issued a $55.00 target price on shares of Dillard’s in a report on Friday, August 12th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $66.39.
Dillard’s Company Profile
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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