Vest Financial LLC Takes $2.95 Million Position in Dillard’s, Inc. (NYSE:DDS)

Vest Financial LLC acquired a new stake in shares of Dillard’s, Inc. (NYSE:DDS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,237 shares of the company’s stock, valued at approximately $2,950,000.

Several other large investors also recently made changes to their positions in the business. Steel Grove Capital Advisors LLC boosted its position in shares of Dillard’s by 0.7% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 4,314 shares of the company’s stock valued at $1,863,000 after purchasing an additional 29 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Dillard’s by 0.6% during the 4th quarter. Stifel Financial Corp now owns 5,136 shares of the company’s stock valued at $2,216,000 after purchasing an additional 31 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Dillard’s by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Dillard’s by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company’s stock valued at $338,000 after purchasing an additional 68 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Dillard’s by 2.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 3,042 shares of the company’s stock valued at $1,313,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

Dillard’s Price Performance

DDS stock opened at $403.63 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $510.00. The firm has a market capitalization of $6.42 billion, a PE ratio of 10.39 and a beta of 1.00. The firm has a 50-day moving average of $359.19 and a two-hundred day moving average of $409.54.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, May 15th. The company reported $10.39 EPS for the quarter, beating analysts’ consensus estimates of $9.10 by $1.29. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. During the same period in the prior year, the firm earned $11.10 earnings per share. On average, analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Monday, June 30th. Dillard’s’s dividend payout ratio (DPR) is 2.76%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DDS shares. Telsey Advisory Group restated a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research report on Friday, May 16th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, UBS Group upped their price objective on shares of Dillard’s from $150.00 to $170.00 and gave the company a “sell” rating in a research note on Friday, May 16th.

About Dillard’s

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.