9,332 Shares in Dillard’s, Inc. (NYSE:DDS) Purchased by Balboa Wealth Partners

Balboa Wealth Partners acquired a new position in Dillard’s, Inc. (NYSE:DDS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,332 shares of the company’s stock, valued at approximately $4,029,000. Dillard’s accounts for approximately 0.9% of Balboa Wealth Partners’ investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in Dillard’s by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock valued at $26,000 after acquiring an additional 39 shares during the last quarter. US Bancorp DE lifted its holdings in Dillard’s by 61.3% in 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 last quarter. KBC Group NV lifted its holdings 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 last quarter. Grove Street Fiduciary LLC acquired a new stake in Dillard’s in the 4th quarter valued at about $222,000. Finally, Blue Trust Inc. raised its holdings in Dillard’s by 20.7% during the 4th quarter. Blue Trust Inc. now owns 518 shares of the company’s stock worth $224,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Insider Buying and Selling

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 33.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DDS has been the topic of several recent analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a report on Wednesday, February 26th. UBS Group boosted 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. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th.

Dillard’s Price Performance

Shares of DDS opened at $363.05 on Thursday. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 9.34 and a beta of 0.89. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $510.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The business’s 50-day moving average is $450.56 and its 200-day moving average is $415.21.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping 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 quarter in the prior year, the company posted $15.44 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis. Equities research analysts expect that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors 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 dividend on an annualized basis and a 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.