Wedge Capital Management L L P NC Has $34.52 Million Stock Holdings in Dillard’s, Inc. $DDS

Wedge Capital Management L L P NC lifted its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 6.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 65,318 shares of the company’s stock after purchasing an additional 3,907 shares during the period. Wedge Capital Management L L P NC’s holdings in Dillard’s were worth $34,515,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. UBS Group upped their price target on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Dillard’s presently has a consensus rating of “Reduce” and an average target price of $521.33.

Dillard’s Stock Performance

NYSE:DDS opened at $649.21 on Wednesday. The company has a market capitalization of $10.14 billion, a P/E ratio of 15.44 and a beta of 1.15. The business has a fifty day simple moving average of $572.66 and a two-hundred day simple moving average of $587.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20. Dillard’s, Inc. has a 1 year low of $467.82 and a 1 year high of $741.97.

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

Dillard’s Dividend Announcement

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

Insider Buying and Selling

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the stock in a transaction dated 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 owned 10,150 shares in the company, valued at $6,183,177. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.80% of the stock is currently owned by company insiders.

Dillard’s Company 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.