Victory Capital Management Inc. Decreases Stock Position in Dillard's, Inc. (NYSE:DDS)

Victory Capital Management Inc. trimmed its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 61.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,033 shares of the company's stock after selling 11,216 shares during the period. Victory Capital Management Inc.'s holdings in Dillard's were worth $3,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDS. US Bancorp DE raised its stake in shares of Dillard's by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company's stock valued at $49,000 after buying an additional 49 shares during the period. KBC Group NV raised its stake in Dillard's by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after acquiring an additional 99 shares during the period. Grove Street Fiduciary LLC purchased a new stake in Dillard's during the fourth quarter valued at about $222,000. Blue Trust Inc. boosted its position 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 purchasing an additional 89 shares during the period. Finally, Knuff & Co LLC bought a new stake in shares of Dillard's in the third quarter valued at approximately $384,000. 67.15% of the stock is owned by hedge funds and other 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 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 of the company's stock, valued at $505,836.15. This represents a 20.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 33.80% of the company's stock.

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Dillard's Price Performance

NYSE:DDS traded down $10.59 during mid-day trading on Thursday, hitting $360.64. 90,465 shares of the stock traded hands, compared to its average volume of 127,418. Dillard's, Inc. has a 12-month low of $328.00 and a 12-month high of $510.00. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.74 billion, a PE ratio of 9.27 and a beta of 0.89. The business's 50-day moving average price is $441.76 and its 200 day moving average price is $415.92.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business earned $15.44 EPS. The business's revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts expect that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard's's dividend payout ratio is currently 2.71%.

Wall Street Analysts Forecast Growth

DDS has been the subject of a number of recent research reports. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday. Telsey Advisory Group reiterated a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research report on Wednesday, February 26th. Finally, UBS Group increased their price objective on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a report on Friday, February 28th.

About Dillard's

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.