By otakuyassine3@gmail.com 
Pictet Asset Management Holding SA acquired a new position in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 589 shares of the company’s stock, valued at approximately $254,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Dillard’s by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock valued at $151,975,000 after acquiring an additional 25,212 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Dillard’s by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock valued at $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Clientfirst Wealth Management LLC purchased a new stake in Dillard’s in the fourth quarter valued at approximately $48,873,000. Bank of New York Mellon Corp lifted its stake in Dillard’s by 107.2% during the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock worth $33,266,000 after purchasing an additional 39,858 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Dillard’s by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after buying an additional 2,758 shares during the period. 67.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, VP Tom W. Bolin sold 300 shares of Dillard’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. The trade was a 20.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 33.80% of the company’s stock.
Dillard’s Stock Performance
NYSE:DDS opened at $314.92 on Friday. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00. The company has a fifty day simple moving average of $398.27 and a two-hundred day simple moving average of $414.03. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 8.11 and a beta of 0.66.
Dillard’s (NYSE:DDS – Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $13.48 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 period in the previous year, the firm posted $15.44 EPS. Dillard’s’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.
Dillard’s Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Monday, March 31st. Dillard’s’s dividend payout ratio is presently 2.71%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $450.00 price objective on shares of Dillard’s in a report on Wednesday, February 26th. UBS Group boosted their price target on shares of Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday, February 28th. Finally, StockNews.com cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday.
Check Out Our Latest Stock Report on DDS
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.
Further Reading
Want to see what other hedge funds are holding DDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dillard’s, Inc. (NYSE:DDS – Free Report).
Receive News & Ratings for Dillard’s Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dillard’s and related companies with MarketBeat.com’s FREE daily email newsletter.