Mutual of America Capital Management LLC Reduces Holdings in Dillard’s, Inc. (DDS)
Mutual of America Capital Management LLC reduced its position in Dillard’s, Inc. (NYSE:DDS) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,966 shares of the company’s stock after selling 2,621 shares during the period. Mutual of America Capital Management LLC owned about 0.07% of Dillard’s worth $1,210,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. LS Investment Advisors LLC increased its position in Dillard’s by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock worth $115,000 after purchasing an additional 281 shares during the last quarter. Victory Capital Management Inc. increased its position in Dillard’s by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock worth $125,000 after purchasing an additional 325 shares during the last quarter. Advantus Capital Management Inc acquired a new position in Dillard’s in the 1st quarter worth about $169,000. Verity Asset Management Inc. acquired a new position in Dillard’s in the 2nd quarter worth about $225,000. Finally, Engineers Gate Manager LP acquired a new position in Dillard’s in the 2nd quarter worth about $254,000. 94.46% of the stock is currently owned by institutional investors.
In related news, Director J C. Watts, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $60.30, for a total value of $27,135.00. Following the completion of the sale, the director now directly owns 8,200 shares in the company, valued at $494,460. The sale was disclosed in a filing with the SEC, which is available at this link. 26.63% of the stock is currently owned by corporate insiders.
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Dillard’s, Inc. (DDS) opened at 53.35 on Monday. Dillard’s, Inc. has a one year low of $45.51 and a one year high of $83.44. The stock’s 50 day moving average price is $57.44 and its 200-day moving average price is $56.59. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 13.22 and a beta of 1.12.
Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.77). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. Dillard’s’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. Analysts forecast that Dillard’s, Inc. will post $3.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a $0.10 dividend. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. Dillard’s’s dividend payout ratio is presently 10.18%.
Several research analysts have weighed in on DDS shares. BidaskClub lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. J P Morgan Chase & Co reissued an “underweight” rating and set a $36.00 price objective (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Deutsche Bank AG increased their price objective on Dillard’s from $39.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, August 8th. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.60.
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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