Cwm LLC Raises Stock Position in Dillard’s, Inc. (NYSE:DDS)

Cwm LLC grew its holdings in Dillard’s, Inc. (NYSE:DDS) by 5,377.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 493 shares of the company’s stock after acquiring an additional 484 shares during the period. Cwm LLC’s holdings in Dillard’s were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Newport Trust Company LLC raised its stake in shares of Dillard’s by 1.0% in the 4th quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock valued at $2,019,147,000 after acquiring an additional 47,951 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Dillard’s by 4.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 121,527 shares of the company’s stock valued at $49,054,000 after acquiring an additional 4,924 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Dillard’s by 110.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock valued at $27,881,000 after acquiring an additional 36,253 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Dillard’s by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock valued at $25,367,000 after acquiring an additional 3,942 shares during the period. Finally, Scopus Asset Management L.P. purchased a new position in shares of Dillard’s in the 3rd quarter valued at $13,232,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Telsey Advisory Group raised their target price on shares of Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a research note on Friday, May 17th. UBS Group lifted their price target on shares of Dillard’s from $180.00 to $190.00 and gave the stock a “sell” rating in a research note on Tuesday, February 27th.

Dillard’s Stock Performance

Dillard’s stock opened at $422.05 on Friday. Dillard’s, Inc. has a 12-month low of $286.39 and a 12-month high of $476.48. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 9.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.40 and a quick ratio of 1.17. The firm’s fifty day moving average price is $432.61 and its 200 day moving average price is $417.05.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Saturday, May 18th. The company reported $11.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.69 by $1.40. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm posted $11.85 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts forecast that Dillard’s, Inc. will post 34.47 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, June 28th. Dillard’s’s dividend payout ratio is currently 2.27%.

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.