1,500 Shares in Dillard's, Inc. (NYSE:DDS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,500 shares of the company's stock, valued at approximately $680,000.

Several other institutional investors also recently made changes to their positions in the stock. 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 lifted its position in shares of Dillard's by 107.2% during 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 acquiring an additional 39,858 shares during the period. Pacer Advisors Inc. lifted its position in shares of 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 acquiring an additional 25,212 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of 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 acquiring an additional 20,155 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Dillard's in the 4th quarter worth approximately $7,270,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard's Trading Down 1.4 %

Shares of Dillard's stock traded down $4.62 during trading hours on Friday, hitting $316.04. The company's stock had a trading volume of 226,228 shares, compared to its average volume of 135,911. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.03 billion, a PE ratio of 8.13 and a beta of 0.66. The business has a fifty day moving average of $417.16 and a 200 day moving average of $417.22. Dillard's, Inc. has a 1-year low of $287.43 and a 1-year high of $510.00.

Remove Ads

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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company posted $15.44 earnings per share. The firm's revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, March 31st. Dillard's's dividend payout ratio is presently 2.71%.

Insider Buying and Selling at Dillard's

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

Analyst Ratings Changes

A number of brokerages have issued reports 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 report on Friday, February 28th. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $450.00 target price 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.