Cannon Global Investment Management LLC Invests $440,000 in Dillard’s, Inc. (NYSE:DDS)

Cannon Global Investment Management LLC purchased a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $440,000. Dillard’s comprises 2.0% of Cannon Global Investment Management LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Newport Trust Company LLC lifted its holdings in Dillard’s by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock valued at $2,019,147,000 after buying an additional 47,951 shares during the period. Vanguard Group Inc. boosted its position in shares of Dillard’s by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after purchasing an additional 52,974 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Dillard’s by 1.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock worth $46,798,000 after purchasing an additional 1,265 shares during the period. Goldman Sachs Group Inc. increased its holdings in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DDS. UBS Group cut their target price on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, August 16th. Telsey Advisory Group decreased their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research report on Friday, August 16th.

Insider Transactions at Dillard’s

In other Dillard’s news, Director Robert C. Connor acquired 100 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $346.82 per share, with a total value of $34,682.00. Following the acquisition, the director now owns 78,000 shares in the company, valued at $27,051,960. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 33.80% of the company’s stock.

Dillard’s Stock Up 2.0 %

NYSE DDS traded up $7.03 on Wednesday, reaching $352.32. The company had a trading volume of 37,545 shares, compared to its average volume of 107,836. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $5.72 billion, a P/E ratio of 8.09 and a beta of 0.90. Dillard’s, Inc. has a 52-week low of $286.39 and a 52-week high of $476.48. The company’s fifty day moving average is $392.91 and its 200 day moving average is $418.00.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $7.98 EPS. Sell-side analysts anticipate that Dillard’s, Inc. will post 32.27 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard’s’s dividend payout ratio is presently 2.27%.

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.