TrueMark Investments LLC Grows Position in Dillard’s, Inc. (NYSE:DDS)

TrueMark Investments LLC increased its holdings in Dillard’s, Inc. (NYSE:DDS) by 805.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,783 shares of the company’s stock after purchasing an additional 10,482 shares during the period. Dillard’s comprises about 1.6% of TrueMark Investments LLC’s portfolio, making the stock its 18th largest holding. TrueMark Investments LLC’s holdings in Dillard’s were worth $5,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Dillard’s by 7.7% in the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock worth $151,975,000 after acquiring an additional 25,212 shares during the period. Allianz Asset Management GmbH grew 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 worth $91,339,000 after purchasing an additional 20,155 shares during the period. Clientfirst Wealth Management LLC purchased a new stake in Dillard’s during the 4th quarter valued at $48,873,000. Bank of New York Mellon Corp lifted its holdings in Dillard’s by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock valued at $33,266,000 after acquiring an additional 39,858 shares during the period. Finally, State Street Corp lifted its stake in shares of Dillard’s by 3.7% in the 3rd quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after purchasing an additional 2,758 shares during the period. Institutional investors own 67.15% of the company’s stock.

Insider Activity at Dillard’s

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the firm’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 transaction, the vice president now owns 1,167 shares in the company, valued at $505,836.15. This trade represents a 20.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 33.80% of the stock is currently owned by corporate insiders.

Dillard’s Trading Down 1.7 %

Shares of DDS stock opened at $367.64 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The stock has a fifty day simple moving average of $435.48 and a two-hundred day simple moving average of $416.95. The firm has a market capitalization of $5.85 billion, a PE ratio of 9.46 and a beta of 0.89. Dillard’s, Inc. has a 52-week low of $328.00 and a 52-week high of $510.00.

Dillard’s (NYSE:DDS) last released its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 firm’s revenue was down 5.0% on a year-over-year basis. On average, analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. Dillard’s’s dividend payout ratio is 2.71%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. UBS Group raised their price objective on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research note on Wednesday, February 26th.

Dillard’s 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.