Dillard's, Inc. (NYSE:DDS) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 87.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,000 shares of the company's stock after selling 14,100 shares during the period. Canada Pension Plan Investment Board's holdings in Dillard's were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDS. PNC Financial Services Group Inc. increased its holdings in Dillard's by 177.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after buying an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Dillard's during the fourth quarter worth about $36,000. KBC Group NV increased its stake in shares of Dillard's by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after purchasing an additional 99 shares in the last quarter. US Bancorp DE increased its stake in shares of Dillard's by 102.3% during the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock worth $113,000 after purchasing an additional 132 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Dillard's by 75.3% during the fourth quarter. Covestor Ltd now owns 284 shares of the company's stock worth $122,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. UBS Group boosted their target price 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. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research note on Wednesday, February 26th.

Dillard's Trading Up 1.3 %

Dillard's stock traded up $4.52 during trading on Monday, reaching $340.18. 92,014 shares of the company were exchanged, compared to its average volume of 140,039. Dillard's, Inc. has a 52-week low of $282.24 and a 52-week high of $510.00. The company has a market capitalization of $5.41 billion, a P/E ratio of 8.76 and a beta of 0.66. 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's 50 day simple moving average is $361.51 and its two-hundred day simple moving average is $410.25.

Dillard's (NYSE:DDS - Get Free Report) last announced 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $15.44 earnings per share. The firm's revenue was down 5.0% compared to the same quarter last year. On average, equities research 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. 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 0.29%. 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.