Denali Advisors LLC Boosts Stock Holdings in Dillard’s, Inc. (NYSE:DDS)

Denali Advisors LLC raised its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 31.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,009 shares of the company’s stock after buying an additional 3,089 shares during the period. Dillard’s comprises approximately 1.6% of Denali Advisors LLC’s portfolio, making the stock its 21st largest position. Denali Advisors LLC owned about 0.08% of Dillard’s worth $5,729,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Dillard’s by 15.5% during the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after acquiring an additional 52,974 shares during the last quarter. Newport Trust Company LLC raised its stake in Dillard’s by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock worth $2,019,147,000 after buying an additional 47,951 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Dillard’s by 110.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock worth $27,881,000 after buying an additional 36,253 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Dillard’s by 36.0% in the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after purchasing an additional 32,900 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Dillard’s in the fourth quarter worth about $9,036,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert C. Connor bought 100 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the acquisition, the director now owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 33.80% of the stock is currently owned by corporate insiders.

Dillard’s Trading Up 0.5 %

NYSE:DDS opened at $351.11 on Tuesday. The company’s 50 day moving average price is $377.19 and its 200-day moving average price is $412.81. Dillard’s, Inc. has a 52 week low of $286.39 and a 52 week high of $476.48. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 7.98 and a beta of 0.85.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $7.98 EPS. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts forecast that Dillard’s, Inc. will post 31.2 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, September 30th. Dillard’s’s dividend payout ratio is currently 2.27%.

Wall Street Analyst Weigh In

DDS has been the topic of a number of recent research reports. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group cut their price objective on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, August 16th. Finally, Telsey Advisory Group cut their price objective on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a report on Friday, August 16th.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.