Vanguard Group Inc. Sells 4,277 Shares of Dillard’s, Inc. (NYSE:DDS)

Vanguard Group Inc. decreased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,935 shares of the company’s stock after selling 4,277 shares during the quarter. Vanguard Group Inc.’s holdings in Dillard’s were worth $138,022,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Dillard’s by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock worth $25,367,000 after acquiring an additional 3,942 shares in the last quarter. FMR LLC lifted its stake in Dillard’s by 43.0% during the third quarter. FMR LLC now owns 12,443 shares of the company’s stock worth $4,116,000 after purchasing an additional 3,744 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Dillard’s in the 4th quarter valued at $1,049,000. Norges Bank bought a new position in shares of Dillard’s in the 4th quarter valued at $7,677,000. Finally, SG Americas Securities LLC acquired a new position in shares of Dillard’s during the 4th quarter worth $839,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Price Performance

Shares of NYSE:DDS opened at $431.13 on Friday. Dillard’s, Inc. has a one year low of $286.39 and a one year high of $476.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.40 and a quick ratio of 1.17. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 9.80 and a beta of 0.90. The firm has a 50 day simple moving average of $434.60 and a 200 day simple moving average of $420.22.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Saturday, May 18th. The company reported $11.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.69 by $1.40. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business earned $11.85 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts predict that Dillard’s, Inc. will post 34.47 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, June 28th. Dillard’s’s payout ratio is 2.27%.

Analyst Ratings Changes

Separately, Telsey Advisory Group raised their price objective on Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a research note on Friday, May 17th.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.