Flossbach Von Storch AG bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,100 shares of the company’s stock, valued at approximately $1,763,000. Flossbach Von Storch AG owned approximately 0.08% of Dillard’s at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of DDS. NumerixS Investment Technologies Inc bought a new position in shares of Dillard’s in the second quarter worth $126,000. Tower Research Capital LLC TRC increased its holdings in shares of Dillard’s by 69.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,335 shares of the company’s stock worth $126,000 after purchasing an additional 545 shares during the period. Xact Kapitalforvaltning AB bought a new position in shares of Dillard’s in the second quarter worth $284,000. BlueMountain Capital Management LLC bought a new position in shares of Dillard’s in the second quarter worth $324,000. Finally, CSat Investment Advisory L.P. bought a new position in shares of Dillard’s in the second quarter worth $361,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.
Several research analysts have recently weighed in on DDS shares. Zacks Investment Research cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wedbush cut shares of Dillard’s from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $70.00 in a report on Tuesday, October 30th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upped their price target on shares of Dillard’s to $60.00 and gave the stock an “underweight” rating in a report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $71.86.
Dillard’s stock opened at $76.32 on Wednesday. The firm has a market capitalization of $2.01 billion, a PE ratio of 15.90, a PEG ratio of 1.22 and a beta of 0.87. Dillard’s, Inc. has a fifty-two week low of $49.91 and a fifty-two week high of $98.75. The company has a current ratio of 1.71, a quick ratio of 0.23 and a debt-to-equity ratio of 0.34.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 16th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.33. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Dillard’s had a net margin of 3.84% and a return on equity of 10.20%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.58) earnings per share. As a group, sell-side analysts anticipate that Dillard’s, Inc. will post 6.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 5th. Investors of record on Friday, September 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. Dillard’s’s dividend payout ratio is presently 8.33%.
In other news, Director Robert C. Connor bought 1,000 shares of Dillard’s stock in a transaction that occurred on Friday, August 24th. The shares were acquired at an average price of $75.42 per share, with a total value of $75,420.00. Following the completion of the purchase, the director now directly owns 68,000 shares in the company, valued at $5,128,560. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Warren A. Stephens bought 10,000 shares of Dillard’s stock in a transaction that occurred on Friday, August 17th. The stock was purchased at an average cost of $76.41 per share, for a total transaction of $764,100.00. The disclosure for this purchase can be found here. 19.10% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Macon Daily and is owned by of Macon Daily. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://macondaily.com/2018/11/07/23100-shares-in-dillards-inc-dds-acquired-by-flossbach-von-storch-ag.html.
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
Receive News & Ratings for Dillard's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's and related companies with MarketBeat.com's FREE daily email newsletter.