Aristotle Fund L.P. Invests $4.56 Million in Dillard’s, Inc. (DDS)
Aristotle Fund L.P. bought a new stake in Dillard’s, Inc. (NYSE:DDS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 79,000 shares of the company’s stock, valued at approximately $4,558,000. Dillard’s comprises approximately 2.9% of Aristotle Fund L.P.’s portfolio, making the stock its 11th largest position. Aristotle Fund L.P. owned about 0.27% of Dillard’s at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Aperio Group LLC increased its stake in shares of Dillard’s by 0.5% in the second quarter. Aperio Group LLC now owns 14,433 shares of the company’s stock worth $833,000 after buying an additional 74 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Dillard’s by 3.3% in the second quarter. Wedge Capital Management L L P NC now owns 6,857 shares of the company’s stock worth $396,000 after buying an additional 216 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Dillard’s by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 23,342 shares of the company’s stock worth $1,219,000 after buying an additional 234 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after buying an additional 281 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Dillard’s by 4.2% in the second quarter. Capstone Asset Management Co. now owns 7,860 shares of the company’s stock worth $453,000 after buying an additional 320 shares during the last quarter. 94.10% of the stock is owned by institutional investors.
Dillard’s, Inc. (NYSE DDS) traded down 0.72% during mid-day trading on Wednesday, reaching $60.81. 133,667 shares of the company’s stock traded hands. The stock has a 50 day moving average of $64.00 and a 200 day moving average of $55.99. Dillard’s, Inc. has a 12-month low of $45.51 and a 12-month high of $83.44. The company has a market cap of $1.77 billion, a P/E ratio of 15.06 and a beta of 1.12.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.77. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $0.35 EPS. Dillard’s’s revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Dillard’s, Inc. will post $3.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. This is a boost from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s dividend payout ratio (DPR) is currently 7.12%.
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A number of equities research analysts have issued reports on DDS shares. BidaskClub raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Deutsche Bank AG reduced their price objective on shares of Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a research report on Friday, May 12th. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $36.00 price objective (down from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Dillard’s presently has an average rating of “Hold” and a consensus price target of $56.00.
In related news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.63% of the stock is currently owned by company insiders.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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