Cwm LLC Buys 484 Shares of Dillard’s, Inc. (NYSE:DDS)

Cwm LLC boosted its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 5,377.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 493 shares of the company’s stock after buying an additional 484 shares during the period. Cwm LLC’s holdings in Dillard’s were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DDS. Newport Trust Company LLC boosted its stake in shares of Dillard’s by 1.0% in the 4th 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 during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Dillard’s by 4.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 121,527 shares of the company’s stock worth $49,054,000 after acquiring an additional 4,924 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of 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 acquiring an additional 36,253 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Dillard’s by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock worth $25,367,000 after buying an additional 3,942 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Dillard’s in the third quarter worth about $13,232,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Down 1.3 %

Shares of NYSE:DDS opened at $422.05 on Friday. Dillard’s, Inc. has a 52-week low of $286.39 and a 52-week high of $476.48. The stock has a market cap of $6.85 billion, a P/E ratio of 9.59 and a beta of 0.91. The business’s 50 day moving average is $432.61 and its 200 day moving average is $417.05. The company has a quick ratio of 1.17, a current ratio of 2.40 and a debt-to-equity ratio of 0.28.

Dillard’s (NYSE:DDS) last announced its earnings results on Saturday, May 18th. The company reported $11.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.69 by $1.40. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 38.66% and a net margin of 10.68%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $11.85 EPS. Sell-side analysts predict that Dillard’s, Inc. will post 34.47 EPS for the current year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. Dillard’s’s dividend payout ratio is presently 2.27%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on Dillard’s from $180.00 to $190.00 and gave the company a “sell” rating in a research report on Tuesday, February 27th. Telsey Advisory Group upped their target price on Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a research note on Friday, May 17th.

About Dillard’s

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.