Dimensional Fund Advisors LP Has $150.56 Million Stock Position in Dillard’s, Inc. (NYSE:DDS)

Dimensional Fund Advisors LP reduced its position in shares of Dillard’s, Inc. (NYSE:DDS) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 341,893 shares of the company’s stock after selling 85,397 shares during the quarter. Dimensional Fund Advisors LP owned about 2.11% of Dillard’s worth $150,560,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Dillard’s during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in Dillard’s during the 1st quarter worth approximately $68,000. SG Americas Securities LLC increased its holdings in Dillard’s by 31.0% during the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after purchasing an additional 78 shares in the last quarter. Blue Trust Inc. increased its holdings in Dillard’s by 45.1% during the 2nd quarter. Blue Trust Inc. now owns 341 shares of the company’s stock worth $161,000 after purchasing an additional 106 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Dillard’s in the fourth quarter valued at approximately $150,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on DDS. Telsey Advisory Group reduced their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a report on Friday, August 16th. UBS Group reduced their target price 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, StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th.

Insiders Place Their Bets

In related news, Director Robert C. Connor bought 100 shares of the company’s stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the transaction, the director now directly owns 78,000 shares in the company, valued at approximately $27,051,960. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 33.80% of the company’s stock.

Dillard’s Price Performance

Shares of NYSE DDS opened at $368.16 on Friday. The stock has a fifty day simple moving average of $369.97 and a two-hundred day simple moving average of $411.50. Dillard’s, Inc. has a 1-year low of $286.39 and a 1-year high of $476.48. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 8.37 and a beta of 0.85. The company has a current ratio of 3.14, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

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

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be given 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%.

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.