Bank OZK purchased a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,749 shares of the company's stock, valued at approximately $2,050,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning boosted its stake in Dillard's by 49.7% in the third quarter. Creative Planning now owns 1,500 shares of the company's stock valued at $576,000 after acquiring an additional 498 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dillard's by 11.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company's stock valued at $175,000 after purchasing an additional 45 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dillard's in the 3rd quarter worth $70,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dillard's by 70.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,176 shares of the company's stock worth $451,000 after purchasing an additional 488 shares in the last quarter. Finally, US Bancorp DE grew its stake 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 buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.
Dillard's Stock Performance
Dillard's stock traded down $4.00 during trading hours on Wednesday, hitting $363.45. 199,803 shares of the stock traded hands, compared to its average volume of 125,290. The firm's 50 day moving average price is $459.93 and its 200-day moving average price is $414.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 9.36 and a beta of 0.88. Dillard's, Inc. has a 1 year low of $328.00 and a 1 year high of $510.00.
Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, beating 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $15.44 earnings per share. Dillard's's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts expect that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.
Dillard's Cuts Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard's's dividend payout ratio is presently 2.71%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. UBS Group raised their price target on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a report on Friday, February 28th. Telsey Advisory Group reiterated 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 upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday.
Read Our Latest Analysis on Dillard's
Insider Buying and Selling at Dillard's
In other Dillard's news, VP Tom W. Bolin sold 300 shares of the business's 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 of the company's stock, valued at approximately $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.80% of the stock is owned by corporate insiders.
About Dillard's
(
Free Report)
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.
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