Raymond James Financial Inc. Purchases New Shares in Dillard’s, Inc. (NYSE:DDS)

Raymond James Financial Inc. purchased a new position in shares of Dillard’s, Inc. (NYSE:DDS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,288 shares of the company’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Dillard’s by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after purchasing an additional 39 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Dillard’s during the fourth quarter worth approximately $36,000. KBC Group NV increased its stake in Dillard’s by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company’s stock worth $93,000 after acquiring an additional 99 shares during the period. US Bancorp DE raised its holdings in Dillard’s by 102.3% in the 4th quarter. US Bancorp DE now owns 261 shares of the company’s stock valued at $113,000 after acquiring an additional 132 shares in the last quarter. Finally, Grove Street Fiduciary LLC acquired a new position in Dillard’s in the 4th quarter valued at $222,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Price Performance

Shares of DDS stock opened at $362.42 on Friday. The business has a fifty day simple moving average of $344.22 and a 200 day simple moving average of $408.06. The company has a market cap of $5.76 billion, a P/E ratio of 9.33 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating analysts’ consensus estimates of $9.84 by $3.64. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $15.44 EPS. On average, sell-side analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. Dillard’s’s payout ratio is presently 2.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DDS shares. UBS Group raised their price target on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research report on Friday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.