Arnhold LLC bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,900 shares of the company’s stock, valued at approximately $3,688,000. Arnhold LLC owned approximately 0.16% of Dillard’s at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DDS. J. Goldman & Co LP bought a new stake in Dillard’s during the fourth quarter worth approximately $9,824,000. Wolverine Asset Management LLC increased its holdings in shares of Dillard’s by 107.8% in the fourth quarter. Wolverine Asset Management LLC now owns 6,250 shares of the company’s stock valued at $375,000 after buying an additional 86,532 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of Dillard’s by 7,495,700.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 74,958 shares of the company’s stock valued at $4,502,000 after buying an additional 74,957 shares in the last quarter. Stansberry Asset Management LLC bought a new position in shares of Dillard’s in the fourth quarter valued at $3,742,000. Finally, LSV Asset Management increased its holdings in shares of Dillard’s by 3.0% in the first quarter. LSV Asset Management now owns 1,311,427 shares of the company’s stock valued at $105,360,000 after buying an additional 37,662 shares in the last quarter. 87.45% of the stock is currently owned by hedge funds and other institutional investors.
NYSE DDS opened at $81.43 on Friday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.35 and a beta of 1.09. Dillard’s, Inc. has a 1 year low of $48.91 and a 1 year high of $88.51. The company has a current ratio of 1.60, a quick ratio of 0.21 and a debt-to-equity ratio of 0.34.
Dillard’s announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 6th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, June 28th. Dillard’s’s dividend payout ratio (DPR) is currently 8.33%.
In other Dillard’s news, Director James I. Freeman sold 8,357 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $84.05, for a total transaction of $702,405.85. Following the sale, the director now directly owns 270,224 shares of the company’s stock, valued at approximately $22,712,327.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James I. Freeman sold 70,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $75.61, for a total transaction of $5,292,700.00. Following the sale, the director now directly owns 226,930 shares in the company, valued at $17,158,177.30. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.
Several research analysts have issued reports on DDS shares. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Deutsche Bank upped their price target on Dillard’s from $51.00 to $52.00 and gave the company a “sell” rating in a report on Monday, February 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Dillard’s in a report on Tuesday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $83.00 price target (up previously from $72.00) on shares of Dillard’s in a report on Wednesday, February 28th. Finally, Zacks Investment Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $69.80.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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