AQR Capital Management LLC Has $1.21 Million Stock Position in Dillard’s, Inc. (NYSE:DDS)

AQR Capital Management LLC increased its position in Dillard’s, Inc. (NYSE:DDS) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,745 shares of the company’s stock after buying an additional 50 shares during the period. AQR Capital Management LLC’s holdings in Dillard’s were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Dillard’s by 110.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock valued at $27,881,000 after purchasing an additional 36,253 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Dillard’s in the 4th quarter worth about $9,036,000. CWM LLC lifted its position in Dillard’s by 5,377.8% in the 1st quarter. CWM LLC now owns 493 shares of the company’s stock valued at $233,000 after acquiring an additional 484 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in Dillard’s by 43.5% during the 1st quarter. Hennessy Advisors Inc. now owns 13,200 shares of the company’s stock valued at $6,226,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Monument Capital Management bought a new stake in Dillard’s during the 1st quarter worth approximately $283,000. 67.15% of the stock is owned by institutional investors.

Dillard’s Price Performance

Dillard’s stock opened at $365.43 on Friday. The stock has a market cap of $5.93 billion, a P/E ratio of 8.31 and a beta of 0.85. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is $361.49 and its two-hundred day moving average price is $406.51. Dillard’s, Inc. has a 52 week low of $286.39 and a 52 week high of $476.48.

Dillard’s (NYSE:DDS) last posted 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 return on equity of 34.29% and a net margin of 9.94%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the firm posted $7.98 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts predict that Dillard’s, Inc. will post 31.2 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. Dillard’s’s dividend payout ratio (DPR) is presently 2.27%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Robert C. Connor bought 100 shares of Dillard’s stock in a transaction dated 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 transaction, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 33.80% of the stock is currently owned by corporate insiders.

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.