AXQ Capital LP Invests $447,000 in Dillard's, Inc. (NYSE:DDS)

AXQ Capital LP acquired a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,035 shares of the company's stock, valued at approximately $447,000.

Several other hedge funds have also recently modified their holdings of DDS. Clientfirst Wealth Management LLC bought a new position in shares of Dillard's in the fourth quarter valued at approximately $48,873,000. Bank of New York Mellon Corp increased its position in shares of 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 valued at $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Dillard's by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock worth $151,975,000 after purchasing an additional 25,212 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Dillard's by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after buying 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 4th quarter worth about $7,270,000. Institutional investors own 67.15% of the company's stock.

Dillard's Trading Up 0.6 %

Dillard's stock traded up $2.27 during mid-day trading on Thursday, reaching $368.68. 121,271 shares of the company traded hands, compared to its average volume of 130,696. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard's, Inc. has a 52-week low of $328.00 and a 52-week high of $510.00. The firm's 50 day moving average price is $433.79 and its 200 day moving average price is $416.60. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 9.49 and a beta of 0.89.

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

Dillard's Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. 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 dividend payout ratio is currently 2.71%.

Analysts Set New Price Targets

DDS has been the subject of several recent research reports. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th. Finally, UBS Group upped their target price on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th.

Insider Transactions at Dillard's

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

About Dillard's

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.