On September 26, 2023, it was reported that Hennessy Advisors Inc. had reduced its holdings in Dillard’s, Inc. (NYSE:DDS) by 5.2% during the second quarter of the year. According to its most recent filing with the Securities and Exchange Commission (SEC), the institutional investor owned 9,200 shares of Dillard’s stock after selling 500 shares during the quarter. At the end of the reporting period, Hennessy Advisors Inc. held approximately 0.06% of Dillard’s worth $3,002,000.
Dillard’s recently released its earnings results on Thursday, August 10th. The company reported earnings per share (EPS) of $7.98 for the quarter, surpassing analysts’ consensus estimate of $4.66 by $3.32. The company generated revenue of $1.60 billion during the quarter, exceeding analysts’ expectations of $1.55 billion.
Despite a 1.3% drop in revenue compared to the same quarter last year, Dillard’s maintained a net margin of 11.88% and a return on equity of 46.53%. In the previous year’s same quarter, they posted EPS of $9.30.
Numerous research analysts have recently shared their opinions on DDS shares as well. Telsey Advisory Group raised their price objective on Dillard’s shares from $325 to $410 and maintained a “market perform” rating in a research report on Friday, August 11th.
Additionally, StockNews.com initiated coverage on Dillard’s and issued a “buy” rating for the company in a research report published on Thursday, August 17th.
Based on analyst forecasts, it is projected that Dillard’s will post an EPS of 39.54 for the current year.
These developments showcase different aspects of Dillard’s position in the market as well as the sentiments of both institutional investors and research analysts. It remains to be seen how these factors will impact the future trajectory of Dillard’s.
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Recent Changes in Holdings and Analysis of Dillard’s Stock
Institutional investors and hedge funds have recently made significant changes to their holdings of retail company Dillard’s. Moran Wealth Management LLC, for example, has increased its share holdings by 58.2% in the first quarter. This move now sees them owning 19,422 shares of Dillard’s stock, which is valued at $5,976,000 after acquiring an additional 7,144 shares in the last quarter.
Similarly, Illinois Municipal Retirement Fund and Y Intercept Hong Kong Ltd also acquired new positions in Dillard’s during the first quarter. These positions are worth approximately $1,316,000 and $315,000 respectively.
Furthermore, HRT Financial LP purchased a new position in Dillard’s during the fourth quarter with a value of around $866,000. Lastly, Cambria Investment Management L.P. raised its position by 1.7% in the first quarter and now holds 40,324 shares of the company’s stock worth $12,407,000 after purchasing an additional 675 shares during the last quarter. In total, institutional investors and hedge funds own approximately 54.36% of Dillard’s outstanding stock.
On Tuesday morning trading session on September 26th 2023,Dillard’s stock opened at $318.21.The company also has a debt-to-equity ratio of 0.31 which shows that it relies less on borrowed money for its operations.Its current ratio stands at a healthy figure of 2.46 while maintaining a quick ratio of 1:17.Adding to this is also a fifty-two week low figure for its price at $254:49,in contrast to its peak fifty-two week high feature valued at $417:86.To add it all up,the firm carries with itself,a market capitalization figure reaching a significant amount charging to around$5 billion.Another statistic from that genius market study shows how DDS maintains a price earnings ratio of a recurring value like 6.67 accompanied by a beta ratio which seems to be almost 1.These figures strengthen the analysis of its past performance and help predict its tactical progression for present day investors.
Several reputable research analysts have also studied DDS’s recent trends and developments. Telsey Advisory Group particularly raised their price objective on Dillard’s stock from $325.00 to $410.00. In addition, they granted the stock a “market perform” rating in a research report released on Friday, August 11th.Another similar research company titled StockNews.com also initialized coverage on Dillard’s shares with an optimistic “buy” rating for the company.
On Monday, October 30th 2023,Dillard’s shareholders should expect to receive a dividend payout as the firm recently made an announcement regarding this issue.The record date is said to be Friday, September 29th.The ex-dividend date is planned just one-day post the record date ie;the ex-dividend date is said to be Thursday, september 28th.Dillard’s has shown signs of growth as it recently increased its quarterly dividend from $0.20 per share to $0.25 per share.This represents an annualized dividend of $1.00 and an estimated dividend yield of 0.31%.DDS has been maintaining a stable payout ratio valued at approximately 1:68%.
Furthermore, news surrounding Dillard’s company insiders have elicited investor curiosity regarding recent stock transactions within the company.VP Tom W.Bolin was reported making sales constituting 1,136 shares of the retail company’s stocks.The transaction was completed on July7th with an average selling price estimated amounting to $331:71 resulting in Bolin valuing his personal share holdings at nearly around$340:334.Behind every story,on start-up or success there are corporate insiders.Thus by keeping such current affairs information updated,DDS maintains a positive image among the investors.Legal obligations with the SEC discloses that about 32.5% of company’s stock belongs to these corporate insiders in present stance.
