Dillard's, Inc. (NYSE:DDS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 491,650 shares of the company's stock after selling 54,893 shares during the quarter. Vanguard Group Inc. owned approximately 3.09% of Dillard's worth $212,265,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Dillard's by 7.7% in the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after purchasing an additional 25,212 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings 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 valued at $91,339,000 after buying an additional 20,155 shares in the last quarter. Clientfirst Wealth Management LLC purchased a new position in shares of Dillard's in the 4th 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 valued at $33,266,000 after buying an additional 39,858 shares during the last quarter. Finally, State Street Corp raised its stake in 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. Hedge funds and other institutional investors own 67.15% of the company's stock.

Insider Transactions at Dillard's

In other Dillard's news, VP Tom W. Bolin sold 300 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the transaction, the vice president now owns 1,167 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 33.80% of the company's stock.

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Analyst Ratings Changes

Several brokerages have issued reports on DDS. Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Wednesday, February 26th. UBS Group upped 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. Finally, StockNews.com lowered Dillard's from a "buy" rating to a "hold" rating in a research report on Wednesday.

Dillard's Stock Performance

Shares of NYSE DDS traded down $13.13 during midday trading on Thursday, reaching $314.92. 163,757 shares of the company were exchanged, compared to its average volume of 138,649. The stock has a market cap of $5.01 billion, a P/E ratio of 8.11 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 stock has a fifty day simple moving average of $398.27 and a 200 day simple moving average of $414.03. 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 announced its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $15.44 EPS. The company's revenue was down 5.0% on a year-over-year basis. On average, 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 disclosed 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. 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 0.32%. Dillard's's payout ratio is currently 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.