Dillard’s, Inc. (NYSE:DDS) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in Dillard’s, Inc. (NYSE:DDS) by 75.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,409 shares of the company’s stock after selling 4,250 shares during the period. Quantbot Technologies LP’s holdings in Dillard’s were worth $608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its position in Dillard’s by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock worth $151,975,000 after buying an additional 25,212 shares during the period. Allianz Asset Management GmbH raised its position in Dillard’s by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock valued at $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Clientfirst Wealth Management LLC acquired a new stake in Dillard’s during the 4th quarter worth $48,873,000. Bank of New York Mellon Corp grew its position in Dillard’s by 107.2% during the 4th 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 increased its stake in Dillard’s by 3.7% in the third quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after purchasing an additional 2,758 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on DDS shares. Telsey Advisory Group reissued 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 raised Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Finally, UBS Group raised their target price 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.

Dillard’s Stock Performance

NYSE DDS opened at $368.68 on Friday. The business has a 50 day moving average price of $432.16 and a 200 day moving average price of $416.27. The company has a market capitalization of $5.86 billion, a P/E ratio of 9.49 and a beta of 0.89. Dillard’s, Inc. has a 1-year low of $328.00 and a 1-year 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.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $15.44 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Sell-side analysts expect that Dillard’s, Inc. will post 33.25 EPS 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. Stockholders of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. Dillard’s’s dividend payout ratio is presently 2.71%.

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.