Newport Trust Co Purchases 78,952 Shares of Dillard’s, Inc. (NYSE:DDS)

Newport Trust Co raised its position in shares of Dillard’s, Inc. (NYSE:DDS) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,305,792 shares of the company’s stock after acquiring an additional 78,952 shares during the quarter. Dillard’s makes up approximately 1.2% of Newport Trust Co’s holdings, making the stock its 11th largest position. Newport Trust Co owned 0.28% of Dillard’s worth $455,005,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CSat Investment Advisory L.P. boosted its position in Dillard’s by 4.7% during the 1st quarter. CSat Investment Advisory L.P. now owns 3,392 shares of the company’s stock valued at $244,000 after acquiring an additional 153 shares in the last quarter. Shell Asset Management Co. bought a new stake in Dillard’s during the 1st quarter valued at approximately $629,000. Grace & White Inc. NY boosted its position in Dillard’s by 3.7% during the 2nd quarter. Grace & White Inc. NY now owns 39,350 shares of the company’s stock valued at $2,451,000 after acquiring an additional 1,400 shares in the last quarter. Trexquant Investment LP bought a new stake in Dillard’s during the 1st quarter valued at approximately $3,754,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Dillard’s by 549.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 34,505 shares of the company’s stock valued at $2,149,000 after purchasing an additional 29,188 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Tony J. Bolte sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $64.46, for a total value of $154,704.00. Following the completion of the transaction, the vice president now directly owns 1,840 shares in the company, valued at approximately $118,606.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.10% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $58.00 target price (down from $65.00) on shares of Dillard’s in a report on Friday, August 16th. TheStreet lowered shares of Dillard’s from a “b” rating to a “c” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. lowered their target price on shares of Dillard’s from $54.00 to $37.00 and set an “underweight” rating for the company in a report on Friday, August 16th. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Wedbush reiterated a “neutral” rating and set a $56.00 target price (down from $62.00) on shares of Dillard’s in a report on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $54.33.

Shares of DDS stock traded up $0.67 during trading hours on Friday, hitting $62.21. 360,638 shares of the company’s stock traded hands, compared to its average volume of 709,254. The stock’s fifty day simple moving average is $64.55 and its two-hundred day simple moving average is $65.82. Dillard’s, Inc. has a 12-month low of $47.95 and a 12-month high of $86.71. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 10.17 and a beta of 1.12. The company has a quick ratio of 0.26, a current ratio of 1.86 and a debt-to-equity ratio of 0.37.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Dillard’s’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that Dillard’s, Inc. will post 3.55 earnings per share for the current fiscal year.

The company 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 $0.15 dividend. This is a positive change from Dillard’s’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 27th. Dillard’s’s payout ratio is presently 6.54%.

About Dillard’s

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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Institutional Ownership by Quarter for Dillard`s (NYSE:DDS)

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