Dillard's, Inc. (NYSE:DDS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,256 shares of the company's stock after buying an additional 2,801 shares during the quarter. JPMorgan Chase & Co. owned about 0.06% of Dillard's worth $4,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Dillard's by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. KBC Group NV increased its holdings in Dillard's by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after acquiring an additional 99 shares in the last quarter. US Bancorp DE raised its position in 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 acquiring an additional 132 shares during the period. Grove Street Fiduciary LLC purchased a new position in Dillard's during the fourth quarter valued at $222,000. Finally, Blue Trust Inc. grew its position in shares of Dillard's by 20.7% in the fourth quarter. Blue Trust Inc. now owns 518 shares of the company's stock valued at $224,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Trading Up 1.8 %

Shares of DDS traded up $5.67 during midday trading on Wednesday, reaching $327.22. The company had a trading volume of 42,630 shares, compared to its average volume of 139,575. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The firm has a 50 day simple moving average of $371.58 and a 200-day simple moving average of $410.65. The stock has a market cap of $5.20 billion, a PE ratio of 8.42 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.84 by $3.64. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned $15.44 EPS. The business's revenue was down 5.0% on a year-over-year basis. Research analysts forecast 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's payout ratio is currently 2.71%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DDS shares. Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research note on Wednesday, February 26th. UBS Group boosted their price target on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

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.