Renaissance Technologies LLC Buys 22,400 Shares of Dillard’s, Inc. $DDS

Renaissance Technologies LLC increased its stake in Dillard’s, Inc. (NYSE:DDS) by 18.7% during the first quarter, Holdings Channel reports. The firm owned 142,180 shares of the company’s stock after acquiring an additional 22,400 shares during the period. Renaissance Technologies LLC’s holdings in Dillard’s were worth $81,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after buying an additional 25 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Dillard’s in the 4th quarter valued at about $29,000. Quarry LP acquired a new position in shares of Dillard’s in the 3rd quarter valued at approximately $33,000. Global Retirement Partners LLC raised its position in shares of Dillard’s by 6,300.0% in the 4th quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after buying an additional 63 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

DDS has been the topic of several analyst reports. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. UBS Group boosted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. One 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $521.33.

Insider Transactions at Dillard’s

In related news, Director J C. Watts, Jr. sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 34.80% of the stock is currently owned by corporate insiders.

Dillard’s Stock Performance

Dillard’s stock opened at $568.95 on Friday. Dillard’s, Inc. has a 12-month low of $449.64 and a 12-month high of $741.97. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $563.04 and its two-hundred day moving average price is $593.31. The stock has a market cap of $8.89 billion, a PE ratio of 13.53 and a beta of 1.15.

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

Dillard’s Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s payout ratio is 2.85%.

About Dillard’s

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.