Algert Global LLC Raises Position in Dillard’s, Inc. (NYSE:DDS)

Algert Global LLC increased its holdings in Dillard’s, Inc. (NYSE:DDS) by 289.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,061 shares of the company’s stock after purchasing an additional 5,991 shares during the quarter. Algert Global LLC’s holdings in Dillard’s were worth $3,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC increased its position in shares of Dillard’s by 6.3% in the first quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock valued at $289,000 after acquiring an additional 36 shares during the period. AQR Capital Management LLC increased its position in shares of Dillard’s by 1.9% in the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock valued at $1,209,000 after acquiring an additional 50 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Dillard’s in the second quarter valued at about $26,000. SG Americas Securities LLC increased its position in shares of Dillard’s by 31.0% in the second quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock valued at $145,000 after acquiring an additional 78 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Dillard’s by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock valued at $881,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Insider Buying and Selling

In other Dillard’s news, Director Robert C. Connor acquired 100 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $346.82 per share, with a total value of $34,682.00. Following the completion of the purchase, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 33.80% of the stock is currently owned by insiders.

Dillard’s Price Performance

Shares of NYSE DDS opened at $384.27 on Tuesday. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The company’s 50-day moving average is $367.24 and its 200 day moving average is $410.52. The stock has a market capitalization of $6.24 billion, a P/E ratio of 8.73 and a beta of 0.85.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) 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 company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $7.98 EPS. Dillard’s’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts expect that Dillard’s, Inc. will post 31.2 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date is Monday, September 30th. Dillard’s’s payout ratio is currently 2.27%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DDS. Telsey Advisory Group decreased their price objective on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, UBS Group reduced their price target on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, August 16th.

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.