Norges Bank Invests $4.48 Million in Dillard's, Inc. (NYSE:DDS)

Norges Bank purchased 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 Securities and Exchange Commission (SEC). The fund purchased 10,385 shares of the company's stock, valued at approximately $4,484,000. Norges Bank owned about 0.07% of Dillard's as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of Dillard's by 177.3% in 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. Horrell Capital Management Inc. boosted its position in Dillard's by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the company's stock worth $11,509,000 after purchasing an additional 76 shares during the last quarter. Blue Trust Inc. grew its stake in Dillard's by 20.7% in the 4th quarter. Blue Trust Inc. now owns 518 shares of the company's stock valued at $224,000 after purchasing an additional 89 shares during the period. KBC Group NV increased its position in shares of Dillard's by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after purchasing an additional 99 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Dillard's by 102.3% during the 4th quarter. US Bancorp DE now owns 261 shares of the company's stock worth $113,000 after purchasing an additional 132 shares during the period. 67.15% of the stock is owned by institutional investors.

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Dillard's Stock Performance

DDS traded down $1.33 during trading hours on Tuesday, hitting $316.99. The stock had a trading volume of 20,633 shares, compared to its average volume of 157,382. The stock has a market cap of $5.04 billion, a PE ratio of 8.16 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 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's fifty day simple moving average is $391.98 and its 200 day simple moving average is $413.18.

Dillard's (NYSE:DDS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping the consensus estimate of $9.84 by $3.64. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $15.44 earnings per share. Equities analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders 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 dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's payout ratio is currently 2.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Telsey Advisory Group restated a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, UBS Group lifted their price target 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.

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.