Seven Eight Capital LP Makes New $2.57 Million Investment in Dillard’s, Inc. (NYSE:DDS)

Seven Eight Capital LP bought a new stake in Dillard’s, Inc. (NYSE:DDS) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,454 shares of the company’s stock, valued at approximately $2,572,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DDS. O Shaughnessy Asset Management LLC raised its holdings in shares of Dillard’s by 2.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,751 shares of the company’s stock valued at $4,599,000 after buying an additional 199 shares during the last quarter. Cynosure Group LLC bought a new position in shares of Dillard’s in the first quarter valued at about $362,000. Vanguard Group Inc. raised its holdings 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 valued at $186,255,000 after buying an additional 52,974 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Dillard’s by 25.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 724 shares of the company’s stock worth $344,000 after purchasing an additional 146 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Dillard’s by 6.3% during the 1st quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock worth $289,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dillard’s Trading Up 3.1 %

NYSE:DDS traded up $12.60 on Tuesday, hitting $412.66. 107,670 shares of the stock were exchanged, compared to its average volume of 98,223. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 9.09 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 has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 2.40. The company’s 50-day moving average price is $432.83 and its 200 day moving average price is $423.32.

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

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. Dillard’s’s payout ratio is currently 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.