Sterling Capital Management LLC Purchases 1,998 Shares of Dillard's, Inc. (NYSE:DDS)

Sterling Capital Management LLC raised its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 1,707.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,115 shares of the company's stock after purchasing an additional 1,998 shares during the period. Sterling Capital Management LLC's holdings in Dillard's were worth $913,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of DDS. PNC Financial Services Group Inc. lifted its holdings in Dillard's by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Dillard's during the 4th quarter worth approximately $36,000. KBC Group NV increased its stake in Dillard's by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after purchasing an additional 99 shares in the last quarter. US Bancorp DE raised its holdings in 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 buying an additional 132 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Dillard's by 75.3% in the fourth quarter. Covestor Ltd now owns 284 shares of the company's stock valued at $122,000 after buying an additional 122 shares during the period. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Dillard's Stock Down 2.2 %

DDS stock traded down $7.23 during mid-day trading on Monday, reaching $314.56. The company had a trading volume of 29,379 shares, compared to its average volume of 139,568. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 8.10 and a beta of 0.66. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00. The stock has a 50 day simple moving average of $378.69 and a two-hundred day simple moving average of $411.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company earned $15.44 earnings per share. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Cuts Dividend

The firm 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's dividend payout ratio is 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.