Dillard’s Inc. (DDS) Stake Lowered by Flossbach Von Storch AG
Flossbach Von Storch AG lowered its position in Dillard’s Inc. (NYSE:DDS) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,600 shares of the company’s stock after selling 6,000 shares during the period. Flossbach Von Storch AG owned approximately 0.52% of Dillard’s worth $10,884,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Virginia Retirement System acquired a new position in shares of Dillard’s during the first quarter worth about $1,443,000. UBS Group AG increased its position in shares of Dillard’s by 28.7% in the first quarter. UBS Group AG now owns 64,423 shares of the company’s stock worth $5,470,000 after buying an additional 14,374 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Dillard’s during the first quarter worth about $976,000. Canada Pension Plan Investment Board increased its position in shares of Dillard’s by 5.2% in the first quarter. Canada Pension Plan Investment Board now owns 192,219 shares of the company’s stock worth $16,321,000 after buying an additional 9,500 shares during the last quarter. Finally, CenturyLink Investment Management Co increased its position in shares of Dillard’s by 76.0% in the second quarter. CenturyLink Investment Management Co now owns 11,612 shares of the company’s stock worth $704,000 after buying an additional 5,013 shares during the last quarter. 78.96% of the stock is currently owned by institutional investors and hedge funds.
Dillard’s Inc. (NYSE:DDS) traded up 2.52% during midday trading on Tuesday, reaching $63.52. 368,313 shares of the company’s stock traded hands. The company has a market capitalization of $2.17 billion, a PE ratio of 10.49 and a beta of 1.18. The firm’s 50 day moving average price is $61.63 and its 200-day moving average price is $65.21. Dillard’s Inc. has a 1-year low of $54.37 and a 1-year high of $94.12.
Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Dillard’s had a net margin of 3.31% and a return on equity of 11.74%. The company earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. Equities analysts expect that Dillard’s Inc. will post $5.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.28 annualized dividend and a yield of 0.45%. Dillard’s’s dividend payout ratio is presently 4.65%.
DDS has been the topic of a number of recent analyst reports. Bank of America Corp. reaffirmed a “sell” rating and set a $55.00 price target on shares of Dillard’s in a research report on Friday, August 12th. Credit Suisse Group AG raised Dillard’s from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $63.00 to $70.00 in a research report on Wednesday, September 28th. Telsey Advisory Group upped their price target on Dillard’s from $62.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 12th. Finally, Zacks Investment Research raised Dillard’s from a “strong sell” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Wednesday, July 13th. Four analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.39.
Dillard’s Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. The Company operates approximately 300 Dillard’s stores, including over 20 clearance centers, and an Internet store offering a range of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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