Pacer Advisors Inc. Has $13.73 Million Holdings in Dillard’s, Inc. $DDS

Pacer Advisors Inc. lessened its holdings in Dillard’s, Inc. (NYSE:DDS) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,008 shares of the company’s stock after selling 3,760 shares during the period. Pacer Advisors Inc.’s holdings in Dillard’s were worth $13,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Dillard’s by 322.9% in the first quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after acquiring an additional 2,680 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Dillard’s by 18.3% during the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock valued at $16,009,000 after purchasing an additional 6,913 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after purchasing an additional 28,468 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Dillard’s during the 1st quarter worth approximately $3,746,000. Institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Performance

Shares of DDS stock opened at $617.35 on Wednesday. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 14.68 and a beta of 1.15. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $569.46 and its 200-day moving average price is $589.21. Dillard’s, Inc. has a 12 month low of $451.80 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.13 by $5.91. The company 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.39 earnings per share. Equities research analysts forecast that Dillard’s, Inc. will post 35.26 EPS for the current year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th were 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 was Tuesday, June 30th. Dillard’s’s payout ratio is presently 2.85%.

Insiders Place Their Bets

In other Dillard’s 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 value of $243,672.00. Following the completion of the transaction, the director directly owned 10,150 shares in the company, valued at approximately $6,183,177. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 34.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. 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 upped their price target on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Finally, Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $521.33.

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.