Blueshift Asset Management LLC Buys Shares of 1,225 Dillard's, Inc. (NYSE:DDS)

Blueshift Asset Management LLC purchased a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,225 shares of the company's stock, valued at approximately $529,000.

A number of other large investors also recently added to or reduced their stakes in DDS. Pacer Advisors Inc. purchased a new stake in shares of Dillard's during the third quarter worth about $125,388,000. Clientfirst Wealth Management LLC acquired a new stake in Dillard's in the 4th quarter worth about $48,873,000. Bank of New York Mellon Corp increased its stake in Dillard's by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after buying an additional 39,858 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Dillard's by 10.5% during the fourth quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock valued at $91,339,000 after acquiring an additional 20,155 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Dillard's in the fourth quarter valued at approximately $7,270,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Tom W. Bolin sold 300 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the transaction, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 33.80% of the stock is owned by insiders.

Remove Ads

Analyst Upgrades and Downgrades

Several brokerages recently commented on DDS. Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research report on Wednesday, February 26th. UBS Group upped their target price on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a report on Friday, February 28th. Finally, StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th.

Dillard's Price Performance

Shares of DDS stock traded down $6.54 during trading hours on Tuesday, reaching $367.64. The company had a trading volume of 146,296 shares, compared to its average volume of 130,200. Dillard's, Inc. has a 12-month low of $328.00 and a 12-month high of $510.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.46 and a beta of 0.89. The stock has a fifty day moving average of $436.83 and a 200-day moving average of $416.80.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the business earned $15.44 EPS. The firm's quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's payout ratio is currently 2.71%.

Dillard's Company Profile

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.