Maverick Capital Ltd. purchased a new stake in shares of Dillard’s, Inc. (NYSE:DDS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 119,153 shares of the company’s stock, valued at approximately $4,403,000. Maverick Capital Ltd. owned approximately 0.48% of Dillard’s at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Advisor Group Holdings Inc. bought a new stake in Dillard’s during the 1st quarter valued at $184,000. Engineers Gate Manager LP bought a new stake in Dillard’s during the 1st quarter valued at $232,000. Jane Street Group LLC increased its stake in Dillard’s by 1,213.9% during the 1st quarter. Jane Street Group LLC now owns 9,197 shares of the company’s stock valued at $340,000 after purchasing an additional 8,497 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Dillard’s by 2,024.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,147 shares of the company’s stock valued at $42,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Morgan Stanley increased its stake in Dillard’s by 56.3% during the 1st quarter. Morgan Stanley now owns 94,919 shares of the company’s stock valued at $3,508,000 after purchasing an additional 34,192 shares in the last quarter. Institutional investors and hedge funds own 81.09% of the company’s stock.
Several analysts have recently issued reports on DDS shares. Telsey Advisory Group reduced their target price on shares of Dillard’s from $38.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. ValuEngine upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Monday, May 4th. Deutsche Bank boosted their price target on shares of Dillard’s from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, May 15th. Cfra cut their price target on shares of Dillard’s from $43.00 to $20.00 and set a “sell” rating on the stock in a report on Wednesday, April 22nd. Finally, Wedbush cut their price target on shares of Dillard’s from $63.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Dillard’s presently has an average rating of “Hold” and an average price target of $29.50.
Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($6.94) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.65) by ($5.29). The business had revenue of $786.70 million for the quarter, compared to analysts’ expectations of $889.86 million. Dillard’s had a negative net margin of 2.31% and a negative return on equity of 8.48%. Research analysts forecast that Dillard’s, Inc. will post -10.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 29th. Dillard’s’s dividend payout ratio is presently 14.39%.
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.
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