Jacobs Levy Equity Management Inc. Grows Stock Position in Dillard’s, Inc. (NYSE:DDS)

Jacobs Levy Equity Management Inc. raised its holdings in Dillard’s, Inc. (NYSE:DDS) by 1.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 99,225 shares of the company’s stock after acquiring an additional 1,265 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Dillard’s were worth $46,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newport Trust Company LLC raised its stake in shares of Dillard’s by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock worth $2,019,147,000 after purchasing an additional 47,951 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after purchasing an additional 52,974 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Dillard’s by 4.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 121,527 shares of the company’s stock worth $49,054,000 after purchasing an additional 4,924 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Dillard’s by 110.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock worth $27,881,000 after purchasing an additional 36,253 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Dillard’s by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock worth $25,367,000 after purchasing an additional 3,942 shares during the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Performance

DDS stock traded up $5.89 during trading on Tuesday, hitting $394.95. 122,868 shares of the company traded hands, compared to its average volume of 99,146. The stock’s 50-day simple moving average is $428.89 and its 200 day simple moving average is $423.82. 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 company has a market cap of $6.41 billion, a PE ratio of 8.85 and a beta of 0.90. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Saturday, May 18th. The company reported $11.09 EPS for the quarter, beating the consensus estimate of $9.69 by $1.40. Dillard’s had a return on equity of 38.66% and a net margin of 10.68%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $11.85 earnings per share. Dillard’s’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts expect that Dillard’s, Inc. will post 34.47 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Friday, June 28th. Dillard’s’s payout ratio is currently 2.27%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group raised their price objective on Dillard’s from $450.00 to $475.00 and gave the stock a “market perform” rating in a research note on Friday, May 17th.

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.