American Century Companies Inc. Acquires 830 Shares of Dillard’s, Inc. (NYSE:DDS)

American Century Companies Inc. increased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,803 shares of the company’s stock after buying an additional 830 shares during the period. American Century Companies Inc. owned 0.26% of Dillard’s worth $18,850,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Los Angeles Capital Management LLC boosted its holdings in shares of Dillard’s by 52.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,927 shares of the company’s stock worth $849,000 after buying an additional 660 shares during the period. Cannon Global Investment Management LLC bought a new stake in shares of Dillard’s during the second quarter valued at approximately $440,000. Consolidated Planning Corp increased its holdings in Dillard’s by 45.9% in the 2nd quarter. Consolidated Planning Corp now owns 1,234 shares of the company’s stock valued at $544,000 after buying an additional 388 shares during the period. Ritholtz Wealth Management increased its stake in Dillard’s by 7.1% in the second quarter. Ritholtz Wealth Management now owns 2,405 shares of the company’s stock valued at $1,059,000 after acquiring an additional 159 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Dillard’s by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,579 shares of the company’s stock valued at $2,017,000 after purchasing an additional 308 shares during the period. 67.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group dropped their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a report on Friday, August 16th. Finally, Telsey Advisory Group dropped their price target on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research note on Friday, August 16th.

Dillard’s Stock Up 0.3 %

Shares of NYSE DDS opened at $368.48 on Friday. The firm has a 50 day moving average price of $369.97 and a 200 day moving average price of $411.46. The stock has a market cap of $5.98 billion, a P/E ratio of 8.37 and a beta of 0.85. Dillard’s, Inc. has a 52-week low of $286.39 and a 52-week high of $476.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 3.14.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 15th. The company reported $4.59 earnings per share for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.98 EPS. Analysts expect that Dillard’s, Inc. will post 31.2 EPS for the current year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. Dillard’s’s dividend payout ratio is currently 2.27%.

Insider Activity at Dillard’s

In related news, Director Robert C. Connor purchased 100 shares of Dillard’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of $346.82 per share, with a total value of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 33.80% of the stock is owned by insiders.

Dillard’s Profile

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.