Sequoia Financial Advisors LLC Buys Shares of 1,007 Dillard’s, Inc. (NYSE:DDS)

Sequoia Financial Advisors LLC purchased a new stake in shares of Dillard’s, Inc. (NYSE:DDS) during the third quarter, Holdings Channel reports. The fund purchased 1,007 shares of the company’s stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Dillard’s by 11.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock valued at $175,000 after buying an additional 45 shares during the last quarter. Blue Trust Inc. increased its position in Dillard’s by 25.8% in the 3rd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $165,000 after acquiring an additional 88 shares during the period. nVerses Capital LLC acquired a new position in Dillard’s in the 3rd quarter valued at approximately $307,000. Kapitalo Investimentos Ltda raised its stake in shares of Dillard’s by 47.4% during the third quarter. Kapitalo Investimentos Ltda now owns 1,163 shares of the company’s stock valued at $446,000 after acquiring an additional 374 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Dillard’s by 49.7% during the third quarter. Creative Planning now owns 1,500 shares of the company’s stock worth $576,000 after purchasing an additional 498 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DDS has been the subject of several recent research reports. Telsey Advisory Group decreased their price target on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. UBS Group decreased 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 report on Friday, August 16th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

Dillard’s Trading Down 0.9 %

Shares of DDS stock opened at $379.14 on Monday. Dillard’s, Inc. has a fifty-two week low of $286.39 and a fifty-two week high of $476.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 3.14. The stock has a 50 day simple moving average of $362.41 and a two-hundred day simple moving average of $401.19. The company has a market cap of $6.15 billion, a P/E ratio of 8.62 and a beta of 0.85.

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). Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $7.98 EPS. The business’s revenue was down 6.7% compared to the same quarter last year. Research analysts forecast that Dillard’s, Inc. will post 31.2 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. Dillard’s’s dividend payout ratio (DPR) is presently 2.27%.

Insider Activity

In other news, Director Robert C. Connor bought 100 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 33.80% of the company’s stock.

Dillard’s 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.