Wedge Capital Management L L P NC Reduces Stock Position in Dillard's, Inc. (NYSE:DDS)

Wedge Capital Management L L P NC cut its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 93.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,070 shares of the company's stock after selling 91,804 shares during the period. Wedge Capital Management L L P NC's holdings in Dillard's were worth $2,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Dillard's by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company's stock valued at $186,255,000 after acquiring an additional 52,974 shares during the period. Renaissance Technologies LLC grew its position in Dillard's by 36.0% in the 2nd quarter. Renaissance Technologies LLC now owns 124,200 shares of the company's stock valued at $54,696,000 after purchasing an additional 32,900 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Dillard's by 1.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company's stock valued at $46,798,000 after purchasing an additional 1,265 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Dillard's by 110.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company's stock worth $27,881,000 after buying an additional 36,253 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Dillard's by 16.7% in the third quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company's stock valued at $18,803,000 after buying an additional 7,006 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on DDS. UBS Group cut their price target on Dillard's from $202.00 to $194.00 and set a "sell" rating for the company in a research note on Friday, August 16th. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, September 17th. Finally, Telsey Advisory Group cut their price objective on shares of Dillard's from $475.00 to $380.00 and set a "market perform" rating on the stock in a report on Friday, August 16th.

Dillard's Stock Performance

Shares of Dillard's stock traded up $9.32 during trading hours on Wednesday, hitting $385.85. 116,848 shares of the company's stock traded hands, compared to its average volume of 116,864. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 8.77 and a beta of 0.85. Dillard's, Inc. has a 12-month low of $286.39 and a 12-month high of $476.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The company has a fifty day simple moving average of $361.46 and a 200-day simple moving average of $403.88.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing the consensus estimate of $5.97 by ($1.38). Dillard's had a return on equity of 34.29% and a net margin of 9.94%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted $7.98 EPS. The business's revenue was down 6.7% on a year-over-year basis. Equities research analysts anticipate that Dillard's, Inc. will post 31.2 EPS for the current fiscal year.

Dillard's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Monday, September 30th. Dillard's's dividend payout ratio is currently 2.27%.

Insider Buying and Selling at Dillard's

In other news, Director Robert C. Connor purchased 100 shares of the business's stock in a transaction dated Monday, August 19th. The stock was bought at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the purchase, the director now owns 78,000 shares of the company's stock, valued at $27,051,960. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 33.80% of the company's stock.

Dillard's Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.