O Shaughnessy Asset Management LLC Purchases 593 Shares of Dillard’s, Inc. (NYSE:DDS)

O Shaughnessy Asset Management LLC increased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,215 shares of the company’s stock after purchasing an additional 593 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Dillard’s were worth $4,374,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Moran Wealth Management LLC boosted its position in shares of Dillard’s by 58.2% during the first quarter. Moran Wealth Management LLC now owns 19,422 shares of the company’s stock valued at $5,976,000 after buying an additional 7,144 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Dillard’s during the 1st quarter worth approximately $1,316,000. Denali Advisors LLC purchased a new position in Dillard’s during the 4th quarter valued at $551,000. Y Intercept Hong Kong Ltd bought a new position in Dillard’s in the 1st quarter valued at $315,000. Finally, HRT Financial LP purchased a new stake in Dillard’s in the fourth quarter worth $866,000. 54.36% of the stock is currently owned by institutional investors.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $331.22 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average price is $335.01 and its 200-day moving average price is $321.57. The firm has a market cap of $5.46 billion, a P/E ratio of 6.95 and a beta of 0.97. Dillard’s, Inc. has a 12 month low of $254.49 and a 12 month high of $417.86.

Dillard’s (NYSE:DDS) last posted its earnings results on Thursday, August 10th. The company reported $7.98 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $3.32. Dillard’s had a net margin of 11.88% and a return on equity of 46.53%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $9.30 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts expect that Dillard’s, Inc. will post 39.54 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, September 28th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.20. Dillard’s’s payout ratio is 1.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com started coverage on shares of Dillard’s in a report on Thursday, August 17th. They set a “buy” rating for the company. Telsey Advisory Group lifted their price target on shares of Dillard’s from $325.00 to $410.00 and gave the company a “market perform” rating in a research note on Friday, August 11th.

Insiders Place Their Bets

In other news, VP Tom W. Bolin sold 1,136 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $331.71, for a total value of $376,822.56. Following the sale, the vice president now directly owns 1,026 shares in the company, valued at approximately $340,334.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.50% of the stock is currently owned by corporate insiders.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. The company also engages in the general contracting construction activities.