Dillard's, Inc. (NYSE:DDS) Stake Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,582 shares of the company's stock after selling 3,890 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.31% of Dillard's worth $20,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV lifted its stake in shares of Dillard's by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after purchasing an additional 99 shares in the last quarter. US Bancorp DE lifted its stake in shares of Dillard's by 102.3% in the 4th quarter. US Bancorp DE now owns 261 shares of the company's stock valued at $113,000 after purchasing an additional 132 shares in the last quarter. Grove Street Fiduciary LLC acquired a new position in Dillard's during the 4th quarter worth approximately $222,000. Blue Trust Inc. lifted its position in Dillard's by 20.7% during the 4th quarter. Blue Trust Inc. now owns 518 shares of the company's stock worth $224,000 after acquiring an additional 89 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in Dillard's by 25.0% during the 4th quarter. Metis Global Partners LLC now owns 911 shares of the company's stock worth $393,000 after acquiring an additional 182 shares in the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Tom W. Bolin sold 300 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. This represents a 20.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 33.80% of the company's stock.

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Analysts Set New Price Targets

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

Dillard's Stock Down 1.7 %

DDS stock traded down $6.25 during midday trading on Friday, hitting $353.37. 752,433 shares of the company's stock were exchanged, compared to its average volume of 130,050. The firm has a 50 day moving average price of $438.09 and a 200-day moving average price of $416.13. Dillard's, Inc. has a 12-month low of $328.00 and a 12-month high of $510.00. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 9.10 and a beta of 0.89. 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 (NYSE:DDS - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, beating the consensus estimate of $9.84 by $3.64. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.49 billion. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The business's revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $15.44 EPS. On average, analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's dividend payout ratio (DPR) is currently 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.