ExodusPoint Capital Management LP Acquires New Holdings in Dillard's, Inc. (NYSE:DDS)

ExodusPoint Capital Management LP purchased a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,197 shares of the company's stock, valued at approximately $2,244,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in Dillard's by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company's stock worth $29,377,000 after purchasing an additional 2,758 shares during the last quarter. Consolidated Planning Corp raised its position in shares of Dillard's by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after buying an additional 919 shares during the period. Pacer Advisors Inc. lifted 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 acquiring an additional 25,212 shares during the last quarter. Stifel Financial Corp grew its position in Dillard's by 10.1% in the third quarter. Stifel Financial Corp now owns 5,105 shares of the company's stock worth $1,957,000 after acquiring an additional 467 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Dillard's during the fourth quarter worth $7,270,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Down 2.0 %

Shares of NYSE:DDS traded down $6.48 on Friday, hitting $310.32. 181,851 shares of the company's stock were exchanged, compared to its average volume of 138,998. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00. The company has a market capitalization of $4.94 billion, a PE ratio of 7.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm's 50-day moving average is $395.11 and its 200 day moving average is $413.57.

Remove Ads

Dillard's (NYSE:DDS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping analysts' consensus estimates of $9.84 by $3.64. The business 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%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $15.44 earnings per share. Sell-side analysts predict that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Cuts Dividend

The business also recently announced 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 is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. Dillard's's dividend payout ratio (DPR) is currently 2.71%.

Insider Activity

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. Corporate insiders own 33.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th. UBS Group upped their price objective on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a report on Friday, February 28th. Finally, StockNews.com downgraded shares of Dillard's from a "buy" rating to a "hold" rating in a report on Wednesday.

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.