Teacher Retirement System of Texas Sells 803 Shares of Dillard's, Inc. (NYSE:DDS)

Teacher Retirement System of Texas decreased its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 22.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,776 shares of the company's stock after selling 803 shares during the quarter. Teacher Retirement System of Texas' holdings in Dillard's were worth $1,199,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DDS. PNC Financial Services Group Inc. boosted its stake in shares of Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after buying an additional 39 shares during the last quarter. KBC Group NV raised its holdings in Dillard's by 85.3% during the fourth 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 boosted its position in Dillard's by 102.3% during the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock valued at $113,000 after purchasing an additional 132 shares during the last quarter. Grove Street Fiduciary LLC bought a new position in Dillard's in the fourth quarter valued at approximately $222,000. Finally, Blue Trust Inc. increased its position in shares of 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 purchasing an additional 89 shares during the last quarter. Institutional investors own 67.15% of the company's stock.

Insider Activity at Dillard's

In related news, VP Tom W. Bolin sold 300 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares in the company, valued at $505,836.15. The trade was a 20.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 33.80% of the stock is owned by company insiders.

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Dillard's Stock Performance

NYSE:DDS traded up $2.31 on Wednesday, hitting $363.79. The company's stock had a trading volume of 105,626 shares, compared to its average volume of 134,848. Dillard's, Inc. has a one year low of $328.00 and a one year high of $510.00. The firm has a market capitalization of $5.79 billion, a P/E ratio of 9.36 and a beta of 0.89. The stock has a fifty day moving average of $423.26 and a two-hundred day moving average of $417.34. 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 posted its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating analysts' consensus estimates of $9.84 by $3.64. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the prior year, the business earned $15.44 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. Research analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's payout ratio is 2.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DDS. Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 price objective on shares of Dillard's in a report on Wednesday, February 26th. UBS Group upped 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 raised shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.

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.