Balboa Wealth Partners Makes New Investment in Dillard's, Inc. (NYSE:DDS)

Balboa Wealth Partners purchased a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,332 shares of the company's stock, valued at approximately $4,029,000. Dillard's comprises approximately 0.9% of Balboa Wealth Partners' holdings, making the stock its 21st largest position. Balboa Wealth Partners owned 0.06% of Dillard's at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DDS. US Bancorp DE lifted its position in Dillard's by 61.3% during the 3rd quarter. US Bancorp DE now owns 129 shares of the company's stock worth $49,000 after acquiring an additional 49 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Dillard's by 229.1% during the third quarter. Victory Capital Management Inc. now owns 18,249 shares of the company's stock worth $7,002,000 after purchasing an additional 12,704 shares during the period. Empowered Funds LLC lifted its holdings in shares of Dillard's by 23.2% during the third quarter. Empowered Funds LLC now owns 8,067 shares of the company's stock worth $3,095,000 after purchasing an additional 1,521 shares during the period. LMR Partners LLP purchased a new stake in Dillard's in the third quarter valued at approximately $4,796,000. Finally, Knuff & Co LLC acquired a new position in Dillard's in the 3rd quarter worth approximately $384,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DDS shares. UBS Group increased their price objective on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th. Telsey Advisory Group restated a "market perform" rating and issued a $450.00 target price on shares of Dillard's in a research note on Wednesday, February 26th. Finally, StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th.

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Insider Activity

In other Dillard's news, VP Tom W. Bolin sold 300 shares of Dillard's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the sale, the vice president now owns 1,167 shares of the company's stock, valued at $505,836.15. The trade was a 20.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 33.80% of the company's stock.

Dillard's Price Performance

Shares of Dillard's stock traded up $4.26 during trading hours on Monday, reaching $361.46. The stock had a trading volume of 166,874 shares, compared to its average volume of 127,007. The stock's 50 day moving average is $446.79 and its 200 day moving average is $415.91. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard's, Inc. has a twelve month low of $328.00 and a twelve month high of $510.00. The firm has a market capitalization of $5.75 billion, a PE ratio of 9.30 and a beta of 0.89.

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, topping 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company posted $15.44 EPS. The business's quarterly revenue was down 5.0% on a year-over-year basis. Equities analysts expect 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's payout ratio is 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.