Pinebridge Investments L.P. Has $3.24 Million Stock Holdings in Dillard's, Inc. (NYSE:DDS)

Pinebridge Investments L.P. decreased its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,512 shares of the company's stock after selling 5,122 shares during the period. Pinebridge Investments L.P.'s holdings in Dillard's were worth $3,243,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in shares of Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Dillard's during the 4th quarter valued at about $36,000. KBC Group NV boosted 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 in the last quarter. US Bancorp DE boosted its position in shares of Dillard's by 102.3% during the 4th quarter. US Bancorp DE now owns 261 shares of the company's stock valued at $113,000 after purchasing an additional 132 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Dillard's by 75.3% during the 4th quarter. Covestor Ltd now owns 284 shares of the company's stock valued at $122,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Trading Up 1.3 %

Shares of DDS traded up $4.52 during midday trading on Monday, hitting $340.18. The stock had a trading volume of 92,014 shares, compared to its average volume of 140,039. The firm has a market cap of $5.41 billion, a P/E ratio of 8.76 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $510.00. The business has a 50-day simple moving average of $358.14 and a two-hundred day simple moving average of $410.07.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.84 by $3.64. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the company earned $15.44 earnings per share. The business's quarterly 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 announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, March 31st. Dillard's's payout ratio is presently 2.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DDS shares. UBS Group raised their price objective on shares of Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research report on Friday, February 28th. Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a report on Friday, April 18th.

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.