Horrell Capital Management Inc. Grows Stake in Dillard’s, Inc. $DDS

Horrell Capital Management Inc. boosted its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 2.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,427 shares of the company’s stock after acquiring an additional 597 shares during the quarter. Dillard’s accounts for approximately 4.7% of Horrell Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Horrell Capital Management Inc.’s holdings in Dillard’s were worth $11,460,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in Dillard’s by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $35,000 after acquiring an additional 38 shares in the last quarter. GAMMA Investing LLC grew its stake in Dillard’s by 220.7% in the second quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $50,000 after purchasing an additional 73 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Dillard’s by 186.3% during the first quarter. Geneos Wealth Management Inc. now owns 229 shares of the company’s stock valued at $82,000 after buying an additional 149 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Dillard’s by 51.3% in the 1st quarter. Acadian Asset Management LLC now owns 283 shares of the company’s stock valued at $101,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Insider Activity

In related news, Director J C. Watts, Jr. sold 750 shares of Dillard’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $594.60, for a total transaction of $445,950.00. Following the completion of the sale, the director owned 10,250 shares of the company’s stock, valued at $6,094,650. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.80% of the stock is currently owned by insiders.

Dillard’s Trading Up 0.1%

NYSE DDS opened at $610.78 on Wednesday. Dillard’s, Inc. has a 12-month low of $282.24 and a 12-month high of $637.73. The company has a fifty day simple moving average of $600.38 and a two-hundred day simple moving average of $495.57. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a market cap of $9.55 billion, a P/E ratio of 16.84 and a beta of 1.15.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm earned $11.09 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th were paid a $0.30 dividend. The ex-dividend date was Tuesday, September 30th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 3.31%.

Analyst Ratings Changes

Several research firms recently commented on DDS. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday. Telsey Advisory Group upped their price target on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research report on Friday, August 15th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. boosted their target price on Dillard’s from $368.00 to $458.00 and gave the stock an “underweight” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dillard’s currently has an average rating of “Reduce” and a consensus target price of $397.33.

Dillard’s Profile

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.