Geode Capital Management LLC Sells 12,832 Shares of Dillard's, Inc. (NYSE:DDS)

Geode Capital Management LLC reduced its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,384 shares of the company's stock after selling 12,832 shares during the period. Geode Capital Management LLC owned about 0.31% of Dillard's worth $21,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDS. Brandywine Global Investment Management LLC bought a new position in Dillard's in the fourth quarter valued at about $1,543,000. Pictet Asset Management Holding SA acquired a new stake in Dillard's during the 4th quarter worth approximately $254,000. Norges Bank bought a new stake in Dillard's during the 4th quarter worth approximately $4,484,000. JPMorgan Chase & Co. increased its position in Dillard's by 37.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,256 shares of the company's stock valued at $4,428,000 after acquiring an additional 2,801 shares during the period. Finally, TrueMark Investments LLC raised its stake in shares of Dillard's by 805.7% during the fourth quarter. TrueMark Investments LLC now owns 11,783 shares of the company's stock valued at $5,087,000 after acquiring an additional 10,482 shares during the last quarter. 67.15% of the stock is owned by institutional investors.

Dillard's Trading Up 0.8 %

Shares of Dillard's stock traded up $2.62 on Wednesday, hitting $324.17. 45,546 shares of the company's stock traded hands, compared to its average volume of 139,602. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 8.36 and a beta of 0.66. The company has a fifty day moving average of $371.58 and a two-hundred day moving average of $410.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard's, Inc. has a one year low of $282.24 and a one year high of $510.00.

Dillard's (NYSE:DDS - Get Free Report) last released its 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned $15.44 EPS. Dillard's's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. 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 0.31%. Dillard's's dividend payout ratio (DPR) is presently 2.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DDS. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. UBS Group upped their target price on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a report on Friday, February 28th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th.

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.