Dillard’s, Inc. (NYSE:DDS) Holdings Decreased by Consolidated Planning Corp

Consolidated Planning Corp cut its position in shares of Dillard’s, Inc. (NYSE:DDS) by 51.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 595 shares of the company’s stock after selling 639 shares during the quarter. Consolidated Planning Corp’s holdings in Dillard’s were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Dillard’s by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after buying an additional 52,974 shares during the period. Renaissance Technologies LLC boosted its stake in Dillard’s by 36.0% in the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock valued at $54,696,000 after acquiring an additional 32,900 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Dillard’s by 592.9% during the second quarter. Edgestream Partners L.P. now owns 11,482 shares of the company’s stock valued at $5,057,000 after purchasing an additional 9,825 shares during the last quarter. Millennium Management LLC raised its position in shares of Dillard’s by 38.4% during the 2nd quarter. Millennium Management LLC now owns 29,030 shares of the company’s stock worth $12,785,000 after purchasing an additional 8,051 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Dillard’s by 16.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company’s stock worth $18,803,000 after purchasing an additional 7,006 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Stock Up 0.8 %

DDS opened at $403.35 on Friday. The stock’s 50 day moving average price is $370.15 and its 200 day moving average price is $399.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The stock has a market cap of $6.53 billion, a P/E ratio of 9.93 and a beta of 0.86. Dillard’s, Inc. has a 12 month low of $286.39 and a 12 month high of $476.48.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. Dillard’s’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the business posted $7.98 earnings per share. As a group, research analysts predict that Dillard’s, Inc. will post 31.2 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Monday, September 30th. Dillard’s’s dividend payout ratio is currently 2.46%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DDS. StockNews.com downgraded Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday. Telsey Advisory Group dropped their price objective on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, UBS Group reduced their target price on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th.

Insider Transactions at Dillard’s

In other news, Director Robert C. Connor bought 100 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of $346.82 per share, with a total value of $34,682.00. Following the completion of the acquisition, the director now directly owns 78,000 shares in the company, valued at approximately $27,051,960. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 33.80% of the company’s stock.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.