American Century Companies Inc. Acquires 11,956 Shares of Dillard’s, Inc. (NYSE:DDS)

Posted by Defense World Staff on Aug 30th, 2023

American Century Companies Inc. raised its position in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,766 shares of the company’s stock after acquiring an additional 11,956 shares during the quarter. American Century Companies Inc. owned approximately 0.49% of Dillard’s worth $25,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates increased its position in Dillard’s by 7.3% during the 1st quarter. Raymond James & Associates now owns 2,806 shares of the company’s stock valued at $753,000 after buying an additional 191 shares in the last quarter. Private Advisor Group LLC bought a new position in Dillard’s during the 1st quarter valued at approximately $447,000. Citigroup Inc. increased its position in Dillard’s by 15.1% during the 1st quarter. Citigroup Inc. now owns 8,024 shares of the company’s stock valued at $2,154,000 after buying an additional 1,051 shares in the last quarter. MetLife Investment Management LLC increased its position in Dillard’s by 37.1% during the 1st quarter. MetLife Investment Management LLC now owns 2,777 shares of the company’s stock valued at $745,000 after buying an additional 752 shares in the last quarter. Finally, BlackRock Inc. increased its position in Dillard’s by 5.1% during the 1st quarter. BlackRock Inc. now owns 420,256 shares of the company’s stock valued at $112,794,000 after buying an additional 20,327 shares in the last quarter. Hedge funds and other institutional investors own 54.36% of the company’s stock.

Insider Buying and Selling at Dillard’s

In other news, VP Tom W. Bolin sold 1,136 shares of Dillard’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $331.71, for a total value of $376,822.56. Following the sale, the vice president now directly owns 1,026 shares of the company’s stock, valued at $340,334.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.50% of the company’s stock.

Dillard’s Price Performance

NYSE DDS opened at $345.29 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 2.46. The business’s fifty day moving average is $332.55 and its 200 day moving average is $323.37. The company has a market capitalization of $5.69 billion, a PE ratio of 7.24 and a beta of 0.96. Dillard’s, Inc. has a fifty-two week low of $254.49 and a fifty-two week high of $417.86.

Dillard’s (NYSE:DDS – Get Free Report) last posted its quarterly earnings results on Thursday, August 10th. The company reported $7.98 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $3.32. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 46.53% and a net margin of 11.88%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $9.30 earnings per share. Sell-side analysts predict that Dillard’s, Inc. will post 39.54 earnings per share for the current year.

Dillard’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 28th. This is a boost from Dillard’s’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 0.29%. Dillard’s’s dividend payout ratio (DPR) is currently 1.68%.

Wall Street Analyst Weigh In

A number of research firms have commented on DDS. Telsey Advisory Group lifted their target price on Dillard’s from $325.00 to $410.00 and gave the stock a “market perform” rating in a report on Friday, August 11th. JPMorgan Chase & Co. reduced their target price on Dillard’s from $286.00 to $277.00 in a report on Monday, May 8th. Finally, StockNews.com started coverage on Dillard’s in a research note on Thursday, August 17th. They issued a “buy” rating on the stock.

Check Out Our Latest Report on Dillard’s

Dillard’s Profile

(Free Report)

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. The company also engages in the general contracting construction activities.