Amalgamated Bank Sells 384 Shares of Dillard’s, Inc. (NYSE:DDS)

Amalgamated Bank lessened its stake in Dillard’s, Inc. (NYSE:DDS) by 69.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167 shares of the company’s stock after selling 384 shares during the period. Amalgamated Bank’s holdings in Dillard’s were worth $64,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DDS. Atlantic Edge Private Wealth Management LLC bought a new position in Dillard’s in the 2nd quarter worth approximately $26,000. US Bancorp DE raised its position in Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after purchasing an additional 49 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Dillard’s in the 3rd quarter worth approximately $70,000. Point72 Hong Kong Ltd raised its position in Dillard’s by 430.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock worth $77,000 after purchasing an additional 142 shares during the last quarter. Finally, Signaturefd LLC raised its position in Dillard’s by 1,500.0% in the 3rd quarter. Signaturefd LLC now owns 224 shares of the company’s stock worth $86,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DDS. UBS Group lifted their target price on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a report on Friday. Telsey Advisory Group lifted their target price on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday. Finally, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday.

Dillard’s Price Performance

DDS stock opened at $426.92 on Monday. The stock has a 50-day moving average price of $376.07 and a two-hundred day moving average price of $397.67. The stock has a market cap of $6.91 billion, a PE ratio of 10.99 and a beta of 0.86. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 1 year low of $314.57 and a 1 year high of $476.48.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. Dillard’s’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the company posted $7.98 EPS. Equities analysts forecast that Dillard’s, Inc. will post 31.2 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, September 30th. Dillard’s’s payout ratio is 2.57%.

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.