Raymond James Financial Inc. Takes Position in Dillard's, Inc. (NYSE:DDS)

Raymond James Financial Inc. purchased a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,288 shares of the company's stock, valued at approximately $556,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DDS. State Street Corp boosted its position in shares of Dillard's by 3.7% during the 3rd quarter. State Street Corp now owns 76,515 shares of the company's stock valued at $29,377,000 after acquiring an additional 2,758 shares in the last quarter. Consolidated Planning Corp boosted its holdings in Dillard's by 154.5% during the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after purchasing an additional 919 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Dillard's by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after purchasing an additional 25,212 shares during the period. Stifel Financial Corp grew its stake in shares of Dillard's by 10.1% in the 3rd quarter. Stifel Financial Corp now owns 5,105 shares of the company's stock valued at $1,957,000 after purchasing an additional 467 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Dillard's during the 4th quarter worth approximately $7,270,000. Institutional investors own 67.15% of the company's stock.

Dillard's Price Performance

NYSE DDS traded down $6.48 during trading hours on Friday, reaching $310.32. 181,851 shares of the company's stock were exchanged, compared to its average volume of 138,998. The firm has a fifty day moving average of $395.11 and a 200-day moving average of $413.57. Dillard's, Inc. has a one year low of $282.24 and a one year high of $510.00. The stock has a market cap of $4.94 billion, a PE ratio of 7.99 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

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Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $15.44 earnings per share. The business's revenue was down 5.0% on a year-over-year basis. On average, equities research analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.32%. The ex-dividend date is Monday, March 31st. Dillard's's payout ratio is presently 2.71%.

Insiders Place Their Bets

In other Dillard's news, VP Tom W. Bolin sold 300 shares of the stock in a transaction 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 transaction, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 33.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group upped their price target on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research report on Friday, February 28th. StockNews.com lowered shares of Dillard's from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research report on Wednesday, February 26th.

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.