SG Americas Securities LLC Purchases 5,037 Shares of Dillard’s, Inc. $DDS

SG Americas Securities LLC raised its position in Dillard’s, Inc. (NYSE:DDS) by 1,773.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,321 shares of the company’s stock after purchasing an additional 5,037 shares during the period. SG Americas Securities LLC’s holdings in Dillard’s were worth $3,044,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dillard’s by 28,394.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock valued at $137,354,000 after purchasing an additional 225,734 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Dillard’s by 12.4% during the fourth quarter. AQR Capital Management LLC now owns 116,577 shares of the company’s stock worth $70,686,000 after buying an additional 12,863 shares in the last quarter. Gotham Asset Management LLC raised its position in Dillard’s by 10.7% in the 4th quarter. Gotham Asset Management LLC now owns 73,642 shares of the company’s stock valued at $44,652,000 after buying an additional 7,123 shares during the last quarter. UBS Group AG raised its position in Dillard’s by 27.7% in the 4th quarter. UBS Group AG now owns 67,895 shares of the company’s stock valued at $41,167,000 after buying an additional 14,718 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Dillard’s by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after acquiring an additional 28,468 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dillard’s

In related news, Director J C. Watts, Jr. sold 400 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the transaction, the director directly owned 10,150 shares in the company, valued at approximately $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 34.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research raised Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group increased their target price on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $521.33.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $526.89 on Wednesday. The stock has a 50 day moving average price of $574.26 and a 200 day moving average price of $605.80. Dillard’s, Inc. has a 52 week low of $418.11 and a 52 week high of $741.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 2.37. The stock has a market capitalization of $8.23 billion, a PE ratio of 12.53 and a beta of 1.16.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $10.39 earnings per share. Analysts predict that Dillard’s, Inc. will post 35.26 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is currently 2.85%.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.