Dillard’s, Inc. (NYSE:DDS) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Dillard’s, Inc. (NYSE:DDS) by 70.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,176 shares of the company’s stock after acquiring an additional 488 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dillard’s were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DDS. Vanguard Group Inc. increased its stake in Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after purchasing an additional 52,974 shares during the period. Renaissance Technologies LLC increased its position in Dillard’s by 36.0% in the 2nd quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock valued at $54,696,000 after acquiring an additional 32,900 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Dillard’s by 1.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock valued at $46,798,000 after acquiring an additional 1,265 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in Dillard’s by 16.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company’s stock worth $18,803,000 after acquiring an additional 7,006 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Dillard’s by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 42,803 shares of the company’s stock valued at $18,850,000 after purchasing an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Insider Transactions at Dillard’s

In other news, Director Robert C. Connor acquired 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 acquisition, the director now owns 78,000 shares in the company, valued at $27,051,960. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 33.80% of the company’s stock.

Dillard’s Trading Up 0.8 %

Shares of DDS stock opened at $403.35 on Friday. 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 business’s fifty day moving average price is $370.15 and its 200 day moving average price is $399.43. The firm has a market capitalization of $6.53 billion, a PE ratio of 9.93 and a beta of 0.86.

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

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. Dillard’s’s payout ratio is 2.46%.

Wall Street Analysts Forecast Growth

DDS has been the subject of several recent research reports. StockNews.com downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday. Telsey Advisory Group reduced their target price 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. Finally, UBS Group dropped 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 note on Friday, August 16th.

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.