Steel Grove Capital Advisors LLC Reduces Position in Dillard’s, Inc. (NYSE:DDS)

Steel Grove Capital Advisors LLC lowered its holdings in Dillard’s, Inc. (NYSE:DDS) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,316 shares of the company’s stock after selling 287 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Dillard’s were worth $1,901,000 at the end of the most recent quarter.

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

Insider Activity

In other Dillard’s news, Director Robert C. Connor purchased 100 shares of Dillard’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the acquisition, the director now directly owns 78,000 shares in the company, valued at $27,051,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 33.80% of the company’s stock.

Dillard’s Trading Up 0.2 %

Shares of DDS stock opened at $368.16 on Monday. The business has a 50-day moving average of $369.97 and a 200 day moving average of $411.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. Dillard’s, Inc. has a 1-year low of $286.39 and a 1-year high of $476.48. The stock has a market capitalization of $5.98 billion, a PE ratio of 8.37 and a beta of 0.85.

Dillard’s (NYSE:DDS) last released its quarterly earnings data 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). Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the company posted $7.98 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dillard’s, Inc. will post 31.2 earnings per share for the current year.

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Monday, September 30th. Dillard’s’s payout ratio is 2.27%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DDS shares. Telsey Advisory Group dropped their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. UBS Group cut their price objective on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th. Finally, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th.

Dillard’s Company 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.