Wedge Capital Management L L P NC Sells 15,194 Shares of Dillard’s, Inc. $DDS

Wedge Capital Management L L P NC decreased its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 21.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,686 shares of the company’s stock after selling 15,194 shares during the period. Wedge Capital Management L L P NC owned 0.36% of Dillard’s worth $33,765,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Quarry LP bought a new stake in Dillard’s during the third quarter worth approximately $33,000. CoreCap Advisors LLC bought a new position in shares of Dillard’s in the third quarter valued at approximately $52,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Dillard’s by 43.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 128 shares of the company’s stock worth $79,000 after buying an additional 39 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Dillard’s by 63.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 129 shares of the company’s stock worth $81,000 after buying an additional 50 shares during the period. 67.15% of the stock is owned by institutional investors.

Dillard’s Trading Up 0.5%

Shares of DDS stock opened at $554.90 on Friday. The firm has a market capitalization of $8.68 billion, a P/E ratio of 15.24 and a beta of 1.30. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $741.97. The firm’s fifty day simple moving average is $618.12 and its 200 day simple moving average is $625.03. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating analysts’ consensus estimates of $9.98 by $3.07. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $13.48 EPS. As a group, sell-side analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Tuesday, March 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, March 31st. Dillard’s’s dividend payout ratio (DPR) is presently 3.30%.

Analysts Set New Price Targets

Several brokerages recently commented on DDS. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, UBS Group boosted their price objective on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $519.67.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.