Creative Planning Raises Holdings in Dillard’s, Inc. (NYSE:DDS)

Creative Planning boosted its position in Dillard’s, Inc. (NYSE:DDS) by 49.7% during the third quarter, HoldingsChannel reports. The fund owned 1,500 shares of the company’s stock after buying an additional 498 shares during the quarter. Creative Planning’s holdings in Dillard’s were worth $576,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in DDS. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Dillard’s in the second quarter valued at $26,000. Headlands Technologies LLC bought a new position in Dillard’s in the 1st quarter worth about $68,000. Point72 Hong Kong Ltd grew its holdings in Dillard’s by 430.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after buying an additional 142 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Dillard’s by 31.0% during the second quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock valued at $145,000 after buying an additional 78 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Dillard’s by 45.1% in the second quarter. Blue Trust Inc. now owns 341 shares of the company’s stock worth $161,000 after buying an additional 106 shares in the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Trading Up 2.9 %

Shares of DDS opened at $380.95 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 3.14. Dillard’s, Inc. has a fifty-two week low of $286.39 and a fifty-two week high of $476.48. The firm has a 50 day moving average price of $365.61 and a 200-day moving average price of $399.67. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 9.38 and a beta of 0.86.

Dillard’s (NYSE:DDS) last released 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). Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $7.98 EPS. Dillard’s’s revenue was down 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that Dillard’s, Inc. will post 31.2 earnings per share for the current year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, September 30th. Dillard’s’s dividend payout ratio is 2.46%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Telsey Advisory Group reduced their price objective on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. Finally, UBS Group dropped their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, August 16th.

Insider Activity at Dillard’s

In other news, Director Robert C. Connor acquired 100 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the acquisition, the director now directly owns 78,000 shares in the company, valued at approximately $27,051,960. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 33.80% of the stock is owned by corporate insiders.

About Dillard’s

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.