Point72 Hong Kong Ltd Acquires 142 Shares of Dillard’s, Inc. (NYSE:DDS)

Point72 Hong Kong Ltd boosted its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 430.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Dillard’s were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Point72 DIFC Ltd boosted its position in shares of Dillard’s by 8,975.0% in the second quarter. Point72 DIFC Ltd now owns 1,089 shares of the company’s stock valued at $480,000 after acquiring an additional 1,077 shares during the period. Bank of Montreal Can raised its stake in Dillard’s by 40.1% during the 2nd quarter. Bank of Montreal Can now owns 3,121 shares of the company’s stock valued at $1,376,000 after purchasing an additional 893 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Dillard’s in the 2nd quarter valued at $262,000. Ensign Peak Advisors Inc grew its position in Dillard’s by 5.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 2,090 shares of the company’s stock worth $920,000 after purchasing an additional 100 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Dillard’s during the 2nd quarter worth about $1,192,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Stock Performance

NYSE DDS opened at $394.05 on Friday. Dillard’s, Inc. has a twelve month low of $286.39 and a twelve month high of $476.48. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. The stock has a market cap of $6.40 billion, a P/E ratio of 8.96 and a beta of 0.85. The company’s 50-day simple moving average is $367.25 and its 200 day simple moving average is $410.92.

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

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date is Monday, September 30th. Dillard’s’s dividend payout ratio is currently 2.27%.

Insider Buying and Selling at Dillard’s

In other news, Director Robert C. Connor bought 100 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the purchase, the director now owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 33.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Telsey Advisory Group decreased their price objective on 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 cut their target price on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th.

About Dillard’s

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.