Martingale Asset Management L P Acquires 2,009 Shares of Dillard's, Inc. (NYSE:DDS)

Martingale Asset Management L P grew its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,771 shares of the company's stock after buying an additional 2,009 shares during the period. Martingale Asset Management L P's holdings in Dillard's were worth $2,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDS. Pacer Advisors Inc. raised its holdings in Dillard's by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock worth $151,975,000 after purchasing an additional 25,212 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Dillard's by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after acquiring an additional 20,155 shares in the last quarter. Clientfirst Wealth Management LLC purchased a new position in Dillard's during the fourth quarter valued at $48,873,000. Bank of New York Mellon Corp grew its position in shares of Dillard's by 107.2% in the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after buying an additional 39,858 shares during the period. Finally, State Street Corp increased its stake in shares of Dillard's by 3.7% in 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.

Analyst Ratings Changes

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

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Dillard's Stock Down 0.3 %

DDS stock traded down $0.87 during midday trading on Tuesday, hitting $317.45. The company's stock had a trading volume of 39,471 shares, compared to its average volume of 138,960. The firm's 50-day moving average is $391.98 and its 200-day moving average is $413.18. 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, Inc. has a 12 month low of $282.24 and a 12 month high of $510.00. The company has a market cap of $5.05 billion, a PE ratio of 8.17 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings data 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 for 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%. Dillard's's revenue was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $15.44 earnings per share. On average, equities research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be issued 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 dividend yield of 0.32%. Dillard's's payout ratio is 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.