5 Stocks that Tripled in 2021

In this article, we discuss the 5 stocks that tripled in 2021. If you want to read our detailed analysis of these stocks, go directly to the 10 Stocks that Tripled in 2021.

5. Dillard’s, Inc. (NYSE:DDS)

Number of Hedge Fund Holders: 22

Year-To-Date Gain: 500%  

Dillard’s, Inc. (NYSE:DDS) operates retail departmental stores. The stock has rallied this year as the economic recovery released pent-up shopping demand and the holiday season, forecast to be a record one for retail companies in terms of sales, approaches. 

Dillard’s, Inc. (NYSE:DDS) recently posted earnings for the third quarter, reporting earnings per share of $9.81, beating estimates by $2.49. The revenue over the period was $1.5 billion, up 43% year-on-year. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Dillard’s, Inc. (NYSE:DDS) with 112,500 shares worth more than $19 million. 

In its Q4 2020 investor letter, Longleaf Partners Small-Cap Fund, an asset management firm, highlighted a few stocks and Dillard’s, Inc. (NYSE:DDS) was one of them. Here is what the fund said:

“Dillard’s (-48%, -2.80%; –, –), the department store, detracted for the year. We had successfully owned the company during a downturn before and felt that we were paying a low mid-single-digit multiple on stable FCF with a great management team in charge when we first initiated the position in 2019. Our case was supported by the potential for management to monetize part of the company’s valuable owned retail real estate footprint for higher and better uses. COVID lockdowns, however, permanently impaired these values, as well as the company’s ability to go on offense with share buybacks, despite great efforts during the crisis by CEO Bill Dillard. We sold our position in the second quarter as the price-to-value gap closed and our case had changed materially.”