Brandywine Global Investment Management LLC Invests $1.54 Million in Dillard's, Inc. (NYSE:DDS)

Brandywine Global Investment Management LLC acquired a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,573 shares of the company's stock, valued at approximately $1,543,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its position in Dillard's by 7.7% during the fourth 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 last quarter. Allianz Asset Management GmbH raised its stake in shares of Dillard's by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after purchasing an additional 20,155 shares in the last quarter. Clientfirst Wealth Management LLC acquired a new stake in shares of Dillard's in the 4th quarter valued at approximately $48,873,000. Bank of New York Mellon Corp grew its stake in shares of Dillard's by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock valued at $33,266,000 after buying an additional 39,858 shares in the last quarter. Finally, State Street Corp increased its holdings in Dillard's by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company's stock worth $29,377,000 after buying an additional 2,758 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Insider Transactions at Dillard's

In other news, VP Tom W. Bolin sold 300 shares of Dillard's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, the vice president now owns 1,167 shares of the company's stock, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 33.80% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on DDS. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. 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, UBS Group lifted 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.

Dillard's Stock Performance

Dillard's stock traded down $11.20 during mid-day trading on Monday, hitting $306.05. 281,884 shares of the company's stock traded hands, compared to its average volume of 136,493. 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 firm has a 50 day simple moving average of $413.76 and a two-hundred day simple moving average of $416.78. Dillard's, Inc. has a fifty-two week low of $287.43 and a fifty-two week high of $510.00. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 7.88 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The company's revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $15.44 earnings per share. On average, research analysts expect that Dillard's, Inc. will post 33.25 EPS 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.33%. Dillard's's dividend payout ratio (DPR) is presently 2.71%.

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.