Inspire Investing LLC Sells 1,293 Shares of Dillard’s, Inc. $DDS

Inspire Investing LLC trimmed its holdings in Dillard’s, Inc. (NYSE:DDS) by 42.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,755 shares of the company’s stock after selling 1,293 shares during the quarter. Inspire Investing LLC’s holdings in Dillard’s were worth $1,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DDS. EverSource Wealth Advisors LLC grew its stake in Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dillard’s by 220.7% during the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Dillard’s during the second quarter valued at about $55,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Dillard’s by 100.0% in the second quarter. Tower Research Capital LLC TRC now owns 170 shares of the company’s stock worth $71,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 67.15% of the company’s stock.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 750 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $594.60, for a total value of $445,950.00. Following the completion of the sale, the director owned 10,250 shares of the company’s stock, valued at $6,094,650. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 34.80% of the stock is owned by company insiders.

Dillard’s Stock Performance

NYSE DDS opened at $630.50 on Friday. The business’s 50 day moving average price is $636.76 and its 200-day moving average price is $553.69. Dillard’s, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $741.97. The company has a market cap of $9.86 billion, a P/E ratio of 17.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 2.19.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, November 13th. The company reported $8.31 EPS for the quarter, topping the consensus estimate of $6.43 by $1.88. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm earned $7.73 earnings per share. Dillard’s’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, December 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, December 31st. Dillard’s’s dividend payout ratio is presently 3.26%.

Analysts Set New Price Targets

A number of brokerages recently commented on DDS. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a report on Friday, November 28th. JPMorgan Chase & Co. boosted their price target on shares of Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 25th. Finally, Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $511.33.

Dillard’s Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.