Proficio Capital Partners LLC Takes $7.27 Million Position in Dillard's, Inc. (NYSE:DDS)

Proficio Capital Partners LLC bought a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,838 shares of the company's stock, valued at approximately $7,270,000. Proficio Capital Partners LLC owned 0.11% of Dillard's as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DDS. Allspring Global Investments Holdings LLC lifted its position in Dillard's by 11.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company's stock valued at $175,000 after buying an additional 45 shares during the period. US Bancorp DE lifted its position in Dillard's by 61.3% during the 3rd quarter. US Bancorp DE now owns 129 shares of the company's stock valued at $49,000 after acquiring an additional 49 shares during the period. Capital Performance Advisors LLP bought a new stake in Dillard's during the third quarter worth about $29,000. Blue Trust Inc. boosted its stake in Dillard's by 20.7% during the fourth quarter. Blue Trust Inc. now owns 518 shares of the company's stock worth $224,000 after acquiring an additional 89 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Dillard's by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after buying an additional 99 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dillard's

In other news, VP Tom W. Bolin sold 300 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the transaction, the vice president now owns 1,167 shares in the company, valued at $505,836.15. This represents a 20.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 33.80% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on DDS shares. Telsey Advisory Group restated a "market perform" rating and set a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, 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 report on Friday, February 28th.

Dillard's Stock Up 3.3 %

DDS traded up $11.91 during trading on Friday, hitting $372.39. 173,059 shares of the company's stock traded hands, compared to its average volume of 125,952. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 9.59 and a beta of 0.88. The company's 50 day simple moving average is $456.22 and its two-hundred day simple moving average is $414.23. Dillard's, Inc. has a 12-month low of $328.00 and a 12-month high of $510.00. 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 (NYSE:DDS - Get Free Report) last announced 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 return on equity of 32.13% and a net margin of 9.55%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the company posted $15.44 earnings per share. The company's quarterly revenue was down 5.0% on a year-over-year basis. Analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's dividend payout ratio (DPR) is presently 2.71%.

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.