Vestcor Inc Trims Stake in Dillard's, Inc. (NYSE:DDS)

Vestcor Inc decreased its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 66.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 451 shares of the company's stock after selling 901 shares during the period. Vestcor Inc's holdings in Dillard's were worth $195,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in Dillard's by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after buying an additional 25,212 shares during the period. Allianz Asset Management GmbH lifted its stake in Dillard's by 10.5% during the fourth quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Clientfirst Wealth Management LLC bought a new stake in Dillard's during the fourth quarter worth about $48,873,000. Bank of New York Mellon Corp lifted its stake in Dillard's by 107.2% during the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Finally, State Street Corp lifted its stake in Dillard's by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company's stock worth $29,377,000 after purchasing an additional 2,758 shares during the last quarter. Institutional investors own 67.15% of the company's stock.

Insider Transactions at Dillard's

In other news, VP Tom W. Bolin sold 300 shares of Dillard's stock in a transaction dated Tuesday, January 14th. The stock was 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 approximately $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 33.80% of the company's stock.

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Wall Street Analysts Forecast Growth

DDS has been the subject of several research analyst reports. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday. UBS Group lifted their price target on 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 reaffirmed a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research note on Wednesday, February 26th.

Dillard's Trading Down 1.7 %

Shares of DDS traded down $6.25 during trading hours on Friday, hitting $353.37. The company had a trading volume of 752,433 shares, compared to its average volume of 129,804. The firm has a market cap of $5.62 billion, a P/E ratio of 9.10 and a beta of 0.89. The stock's 50 day moving average price is $438.09 and its 200 day moving average price is $415.64. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. Dillard's, Inc. has a 52-week low of $328.00 and a 52-week high of $510.00.

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

Dillard's Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. Dillard's's dividend payout ratio is currently 2.71%.

Dillard's Company 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.