Dillard’s, Inc. $DDS Shares Sold by Forum Financial Management LP

Forum Financial Management LP cut its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 8.6% during the second quarter, Holdings Channel.com reports. The fund owned 602 shares of the company’s stock after selling 57 shares during the period. Forum Financial Management LP’s holdings in Dillard’s were worth $252,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Dillard’s by 220.7% during the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after acquiring an additional 64 shares during the period. PNC Financial Services Group Inc. lifted its stake in Dillard’s by 62.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock valued at $35,000 after buying an additional 38 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after buying an additional 73 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Dillard’s by 186.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 229 shares of the company’s stock valued at $82,000 after buying an additional 149 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Dillard’s by 13.0% in the 2nd quarter. Blue Trust Inc. now owns 279 shares of the company’s stock valued at $117,000 after buying an additional 32 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on DDS shares. UBS Group raised their price target on shares of Dillard’s from $170.00 to $175.00 and gave the company a “sell” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Telsey Advisory Group raised their target price on shares of Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $394.33.

Dillard’s Stock Up 1.6%

DDS stock opened at $615.71 on Tuesday. The firm has a market cap of $9.63 billion, a PE ratio of 16.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.68. The firm’s 50 day moving average price is $583.67 and its 200-day moving average price is $472.39. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $637.73.

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

Dillard’s Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio is presently 3.31%.

Insider Transactions at Dillard’s

In other Dillard’s news, Director J C. Watts, Jr. sold 750 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total value of $445,950.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.80% of the stock is currently owned by insiders.

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.