Renaissance Technologies LLC Sells 21,600 Shares of Dillard's, Inc. (NYSE:DDS)

Renaissance Technologies LLC cut its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,700 shares of the company's stock after selling 21,600 shares during the period. Renaissance Technologies LLC owned approximately 0.70% of Dillard's worth $48,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Dillard's by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock worth $151,975,000 after buying an additional 25,212 shares during the period. Allianz Asset Management GmbH lifted its stake in Dillard's by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock valued at $91,339,000 after acquiring an additional 20,155 shares in the last quarter. Clientfirst Wealth Management LLC acquired a new position in Dillard's during the 4th quarter worth approximately $48,873,000. Bank of New York Mellon Corp grew its stake in shares of Dillard's by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after acquiring an additional 39,858 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Dillard's by 3.7% during the 3rd quarter. State Street Corp now owns 76,515 shares of the company's stock worth $29,377,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors own 67.15% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on DDS shares. StockNews.com cut shares of Dillard's from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research note on Wednesday, February 26th. Finally, UBS Group lifted their target price on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research report on Friday, February 28th.

Dillard's Stock Down 0.7 %

Shares of NYSE DDS traded down $2.20 during trading hours on Tuesday, hitting $316.13. The company had a trading volume of 82,661 shares, compared to its average volume of 139,264. The stock has a market capitalization of $5.03 billion, a P/E ratio of 8.14 and a beta of 0.66. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00. The firm's 50 day moving average is $391.98 and its 200-day moving average is $413.18. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly 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. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $15.44 earnings per share. On average, analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Cuts Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, March 31st. Dillard's's dividend payout ratio (DPR) is presently 2.71%.

Dillard's 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.