Dillard's, Inc. (NYSE:DDS) Stock Position Lifted by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC boosted its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,006 shares of the company's stock after purchasing an additional 7,006 shares during the period. Dillard's makes up approximately 3.7% of Hexagon Capital Partners LLC's portfolio, making the stock its 4th biggest holding. Hexagon Capital Partners LLC owned approximately 0.30% of Dillard's worth $18,803,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DDS. Quadrature Capital Ltd acquired a new position in shares of Dillard's during the fourth quarter worth $9,036,000. Hennessy Advisors Inc. grew its position in shares of Dillard's by 43.5% during the 1st quarter. Hennessy Advisors Inc. now owns 13,200 shares of the company's stock valued at $6,226,000 after buying an additional 4,000 shares during the last quarter. Duality Advisers LP raised its stake in Dillard's by 90.8% during the first quarter. Duality Advisers LP now owns 7,213 shares of the company's stock worth $3,402,000 after acquiring an additional 3,433 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Dillard's by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company's stock worth $881,000 after acquiring an additional 97 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Dillard's by 38.4% in the second quarter. Millennium Management LLC now owns 29,030 shares of the company's stock valued at $12,785,000 after acquiring an additional 8,051 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, September 17th. Telsey Advisory Group cut their price objective on shares of Dillard's from $475.00 to $380.00 and set a "market perform" rating on the stock in a research report on Friday, August 16th. Finally, UBS Group reduced their target price on shares of Dillard's from $202.00 to $194.00 and set a "sell" rating for the company in a research note on Friday, August 16th.

Insiders Place Their Bets

In other Dillard's news, Director Robert C. Connor purchased 100 shares of the firm's stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares in the company, valued at $27,051,960. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 33.80% of the stock is owned by company insiders.

Dillard's Stock Performance

Shares of NYSE DDS traded down $0.47 during midday trading on Thursday, reaching $360.46. 106,215 shares of the company traded hands, compared to its average volume of 116,598. The stock has a 50-day moving average price of $361.49 and a 200 day moving average price of $406.51. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 8.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. Dillard's, Inc. has a 52 week low of $286.39 and a 52 week high of $476.48.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.97 by ($1.38). The company 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 company's revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned $7.98 earnings per share. Sell-side analysts anticipate that Dillard's, Inc. will post 31.2 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.28%. Dillard's's dividend payout ratio is currently 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.