Virtu Financial LLC Invests $403,000 in Dillard’s, Inc. (NYSE:DDS)

Virtu Financial LLC acquired a new position in shares of Dillard’s, Inc. (NYSE:DDS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 854 shares of the company’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DDS. Charles Schwab Investment Management Inc. increased its stake in Dillard’s by 6.7% in the fourth 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. Quadrature Capital Ltd bought a new stake in Dillard’s in the fourth quarter valued at about $9,036,000. Handelsbanken Fonder AB bought a new stake in Dillard’s in the fourth quarter valued at about $1,049,000. Hennessy Advisors Inc. increased its stake in Dillard’s by 43.5% in the first quarter. Hennessy Advisors Inc. now owns 13,200 shares of the company’s stock valued at $6,226,000 after acquiring an additional 4,000 shares during the period. Finally, Duality Advisers LP increased its stake in Dillard’s by 90.8% in the first quarter. Duality Advisers LP now owns 7,213 shares of the company’s stock valued at $3,402,000 after acquiring an additional 3,433 shares during the period. Institutional investors own 67.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group upped 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.

Dillard’s Price Performance

NYSE:DDS opened at $362.36 on Friday. The firm has a market cap of $5.88 billion, a PE ratio of 8.24 and a beta of 0.90. Dillard’s, Inc. has a 12 month low of $286.39 and a 12 month high of $476.48. The company has a quick ratio of 1.17, a current ratio of 2.40 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $424.28 and its two-hundred day moving average price is $423.28.

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

Dillard’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 28th will be given a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard’s’s dividend payout ratio (DPR) is presently 2.27%.

Dillard’s Company 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.