Sierra Summit Advisors LLC Invests $798,000 in Dillard’s, Inc. $DDS

Sierra Summit Advisors LLC acquired a new position in Dillard’s, Inc. (NYSE:DDS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,395 shares of the company’s stock, valued at approximately $798,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Dillard’s by 9.1% during the fourth quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Dillard’s by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock worth $67,000 after purchasing an additional 16 shares during the period. Cetera Investment Advisers increased its stake in shares of Dillard’s by 4.2% in the fourth quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock worth $242,000 after purchasing an additional 16 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Dillard’s by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after purchasing an additional 16 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Dillard’s by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. UBS Group lifted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $521.33.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $609.18, for a total value of $243,672.00. Following the sale, the director directly owned 10,150 shares in the company, valued at $6,183,177. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 34.80% of the company’s stock.

Dillard’s Stock Down 0.2%

DDS stock opened at $546.13 on Friday. The stock has a 50-day simple moving average of $569.92 and a two-hundred day simple moving average of $603.08. Dillard’s, Inc. has a twelve month low of $424.86 and a twelve month high of $741.97. The firm has a market capitalization of $8.53 billion, a PE ratio of 12.98 and a beta of 1.15. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $10.39 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts predict that Dillard’s, Inc. will post 35.26 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s dividend payout ratio is 2.85%.

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.