Monument Capital Management Takes Position in Dillard’s, Inc. (NYSE:DDS)

Monument Capital Management acquired a new position in Dillard’s, Inc. (NYSE:DDS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 601 shares of the company’s stock, valued at approximately $283,000.

A number of other hedge funds also recently bought and sold shares of DDS. Newport Trust Company LLC increased its holdings 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 valued at $2,019,147,000 after acquiring an additional 47,951 shares during the period. Wedge Capital Management L L P NC raised its holdings in 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 purchasing an additional 4,924 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Dillard’s by 110.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock valued at $27,881,000 after buying an additional 36,253 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dillard’s by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock valued at $25,367,000 after buying an additional 3,942 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in shares of Dillard’s in the 3rd quarter valued at about $13,232,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Trading Up 1.2 %

Shares of NYSE:DDS opened at $430.87 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.40 and a quick ratio of 1.17. The firm has a market capitalization of $6.99 billion, a P/E ratio of 9.79 and a beta of 0.90. The business’s 50-day moving average is $434.89 and its 200 day moving average is $420.14. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data 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 firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.85 earnings per share. On average, research analysts predict that Dillard’s, Inc. will post 34.47 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, June 28th. Dillard’s’s dividend payout ratio is presently 2.27%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group raised their target price on shares of 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.