LSV Asset Management Has $82,975,000 Position in Dillard’s Inc. (DDS)
LSV Asset Management boosted its stake in shares of Dillard’s Inc. (NYSE:DDS) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,316,861 shares of the company’s stock after buying an additional 20,092 shares during the period. LSV Asset Management owned 3.85% of Dillard’s worth $82,975,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in DDS. Dimensional Fund Advisors LP raised its stake in Dillard’s by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,324,652 shares of the company’s stock valued at $80,274,000 after buying an additional 157,924 shares in the last quarter. Royce & Associates LP increased its position in Dillard’s by 39.9% in the second quarter. Royce & Associates LP now owns 858,937 shares of the company’s stock valued at $52,052,000 after buying an additional 245,015 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Dillard’s by 31.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 846,112 shares of the company’s stock valued at $51,274,000 after buying an additional 200,459 shares during the last quarter. First Trust Advisors LP increased its position in Dillard’s by 38.0% in the third quarter. First Trust Advisors LP now owns 435,058 shares of the company’s stock valued at $27,413,000 after buying an additional 119,793 shares during the last quarter. Finally, State Street Corp increased its position in Dillard’s by 2.2% in the second quarter. State Street Corp now owns 365,181 shares of the company’s stock valued at $22,125,000 after buying an additional 7,747 shares during the last quarter. Institutional investors own 80.47% of the company’s stock.
Dillard’s Inc. (NYSE:DDS) opened at 71.22 on Wednesday. The firm’s 50-day moving average is $64.61 and its 200-day moving average is $62.29. The stock has a market capitalization of $2.39 billion, a P/E ratio of 12.73 and a beta of 1.07. Dillard’s Inc. has a 52 week low of $54.37 and a 52 week high of $88.58.
Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.09. The firm earned $1.37 billion during the quarter, compared to analyst estimates of $1.41 billion. Dillard’s had a net margin of 3.00% and a return on equity of 10.84%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities research analysts predict that Dillard’s Inc. will post $5.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.28 annualized dividend and a yield of 0.39%. Dillard’s’s dividend payout ratio is currently 5.09%.
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DDS has been the topic of several recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating and set a $70.00 price objective on shares of Dillard’s in a report on Friday, November 11th. Zacks Investment Research raised shares of Dillard’s from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Thursday, October 6th. Telsey Advisory Group increased their price objective on shares of Dillard’s from $62.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 12th. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $55.00 price objective on shares of Dillard’s in a report on Friday, August 12th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average 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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