Dillard’s, Inc. (NYSE:DDS) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in Dillard’s, Inc. (NYSE:DDS) by 58.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,000 shares of the company’s stock after selling 1,400 shares during the quarter. LSV Asset Management’s holdings in Dillard’s were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DDS. Vanguard Group Inc. boosted its holdings in Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after acquiring an additional 52,974 shares in the last quarter. Newport Trust Company LLC boosted its holdings in Dillard’s by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock worth $2,019,147,000 after acquiring an additional 47,951 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Dillard’s by 110.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock worth $27,881,000 after acquiring an additional 36,253 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Dillard’s in the fourth quarter worth about $9,036,000. Finally, Norges Bank acquired a new stake in Dillard’s in the fourth quarter worth about $7,677,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DDS shares. StockNews.com downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Monday. Telsey Advisory Group decreased their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Finally, UBS Group decreased their target price on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a report on Friday, August 16th.

Insider Activity at Dillard’s

In related news, Director Robert C. Connor purchased 100 shares of Dillard’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares in the company, valued at $27,051,960. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 33.80% of the stock is owned by company insiders.

Dillard’s Trading Down 0.9 %

Dillard’s stock opened at $332.80 on Friday. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 52 week low of $286.39 and a 52 week high of $476.48. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 7.56 and a beta of 0.85. The stock has a 50-day moving average price of $380.44 and a 200 day moving average price of $414.03.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 15th. The company reported $4.59 earnings per share for the quarter, missing the consensus estimate of $5.97 by ($1.38). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.98 earnings per share. Sell-side analysts anticipate that Dillard’s, Inc. will post 31.2 EPS for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Monday, September 30th. Dillard’s’s dividend payout ratio is currently 2.27%.

Dillard’s Company Profile

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.