Dillard’s, Inc. $DDS Position Trimmed by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its holdings in shares of Dillard’s, Inc. (TXSE:DDS) by 97.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 94 shares of the company’s stock after selling 3,789 shares during the period. Sterling Capital Management LLC’s holdings in Dillard’s were worth $63,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Dillard’s by 17.8% in the third quarter. GAMMA Investing LLC now owns 126 shares of the company’s stock valued at $84,000 after purchasing an additional 19 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Dillard’s by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after buying an additional 25 shares during the period. Parallel Advisors LLC boosted its stake in shares of Dillard’s by 6.8% during the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock worth $225,000 after buying an additional 25 shares during the period. EverSource Wealth Advisors LLC lifted its position in Dillard’s by 29.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $81,000 after acquiring an additional 32 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Dillard’s by 33.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $101,000 after purchasing an additional 38 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Price Performance

Shares of TXSE:DDS opened at $607.62 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.49 billion, a P/E ratio of 13.92 and a beta of 1.00. Dillard’s, Inc. has a 52 week low of $503.06 and a 52 week high of $741.97. The company has a 50-day moving average price of $652.51 and a 200 day moving average price of $606.63.

Dillard’s (TXSE:DDS) last announced its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $1.96. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Research analysts predict that Dillard’s, Inc. will post 35.50 earnings per share for the current year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Dillard’s’s dividend payout ratio is 2.75%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings lowered shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. JPMorgan Chase & Co. lifted their price objective on shares of Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research report on Monday, August 17th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, UBS Group upped their price objective on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a research report on Monday, August 17th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $545.67.

Dillard’s Company Profile

Dillard’s, Inc is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories.

The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.