Blueshift Asset Management LLC Purchases Shares of 1,225 Dillard’s, Inc. (NYSE:DDS)

Blueshift Asset Management LLC purchased a new stake in shares of Dillard’s, Inc. (NYSE:DDS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,225 shares of the company’s stock, valued at approximately $529,000.

Other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC purchased a new stake in shares of Dillard’s in the 4th quarter worth about $288,000. Balboa Wealth Partners purchased a new stake in shares of Dillard’s in the 4th quarter worth about $4,029,000. PNC Financial Services Group Inc. lifted its position in shares of Dillard’s by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after purchasing an additional 39 shares during the period. Inceptionr LLC purchased a new stake in shares of Dillard’s in the 4th quarter worth about $374,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Dillard’s in the 4th quarter worth about $556,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

DDS has been the subject of several research analyst reports. UBS Group raised their target price on shares of Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research report on Friday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a research report on Wednesday, February 26th. Finally, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday.

Dillard’s Stock Down 2.9 %

Shares of Dillard’s stock opened at $360.64 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The company has a 50-day moving average of $439.97 and a 200 day moving average of $415.54. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 9.28 and a beta of 0.89. Dillard’s, Inc. has a 1 year low of $328.00 and a 1 year high of $510.00.

Dillard’s (NYSE:DDS) last issued its quarterly 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. Dillard’s’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $15.44 EPS. As a group, sell-side analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard’s’s dividend payout ratio is currently 2.71%.

Insider Buying and Selling at Dillard’s

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.80% of the stock is owned by company insiders.

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.