Dynamic Technology Lab Private Ltd Makes New $419,000 Investment in Dillard's, Inc. (NYSE:DDS)

Dynamic Technology Lab Private Ltd bought a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 970 shares of the company's stock, valued at approximately $419,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clientfirst Wealth Management LLC acquired a new stake in shares of Dillard's in the fourth quarter valued at about $48,873,000. Bank of New York Mellon Corp boosted its holdings in Dillard's by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock valued at $33,266,000 after acquiring an additional 39,858 shares during the last quarter. Pacer Advisors Inc. increased its position in Dillard's by 7.7% during the 4th 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 during the period. Allianz Asset Management GmbH raised its holdings in Dillard's by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Dillard's in the 4th quarter worth approximately $7,270,000. 67.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DDS. UBS Group lifted their target price on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th. StockNews.com cut Dillard's from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research note on Wednesday, February 26th.

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Dillard's Stock Up 3.3 %

Shares of DDS stock traded up $10.16 on Monday, reaching $321.18. 22,465 shares of the company were exchanged, compared to its average volume of 138,776. Dillard's, Inc. has a one year low of $282.24 and a one year high of $510.00. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 8.27 and a beta of 0.66. The company has a 50-day moving average of $395.11 and a 200-day moving average of $413.70. 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 (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. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $15.44 earnings per share. The company's quarterly revenue was down 5.0% on a year-over-year basis. Analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The firm also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's dividend payout ratio is currently 2.71%.

Insider Transactions at Dillard's

In related news, VP Tom W. Bolin sold 300 shares of the 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 of the company's stock, valued at approximately $505,836.15. This represents a 20.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 33.80% of the stock is currently owned by insiders.

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.