Frank Rimerman Advisors LLC Takes Position in Dillard's, Inc. (NYSE:DDS)

Frank Rimerman Advisors LLC bought a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,592 shares of the company's stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DDS. Vanguard Group Inc. lifted its holdings in shares of Dillard's by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company's stock worth $186,255,000 after acquiring an additional 52,974 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Dillard's by 36.0% in the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company's stock worth $54,696,000 after purchasing an additional 32,900 shares during the last quarter. Edgestream Partners L.P. boosted its position in Dillard's by 592.9% during the second quarter. Edgestream Partners L.P. now owns 11,482 shares of the company's stock valued at $5,057,000 after buying an additional 9,825 shares during the period. Millennium Management LLC grew its stake in shares of Dillard's by 38.4% during the second quarter. Millennium Management LLC now owns 29,030 shares of the company's stock valued at $12,785,000 after buying an additional 8,051 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Dillard's by 16.7% during the third quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company's stock valued at $18,803,000 after buying an additional 7,006 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Insiders Place Their Bets

In other Dillard's news, Director Robert C. Connor acquired 100 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $346.82 per share, with a total value of $34,682.00. Following the completion of the purchase, the director now directly owns 78,000 shares of the company's stock, valued at approximately $27,051,960. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 33.80% of the stock is owned by corporate insiders.

Dillard's Trading Up 0.9 %

NYSE:DDS traded up $3.50 during trading hours on Monday, hitting $382.64. The company had a trading volume of 77,805 shares, compared to its average volume of 116,776. 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. The company has a market capitalization of $6.21 billion, a PE ratio of 8.77 and a beta of 0.85. The stock has a 50-day moving average price of $362.41 and a 200 day moving average price of $401.06.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results 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 return on equity of 34.29% and a net margin of 9.94%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company earned $7.98 earnings per share. Dillard's's quarterly revenue was down 6.7% on a year-over-year basis. On average, equities research analysts predict that Dillard's, Inc. will post 31.2 EPS for the current fiscal year.

Dillard's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.26%. Dillard's's payout ratio is 2.27%.

Wall Street Analysts Forecast Growth

DDS has been the subject of several analyst reports. Telsey Advisory Group dropped their target price on Dillard's from $475.00 to $380.00 and set a "market perform" rating for the company in a report on Friday, August 16th. UBS Group cut their target price on Dillard's from $202.00 to $194.00 and set a "sell" rating on the stock in a research note on Friday, August 16th. Finally, StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, September 17th.

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.