Dillard’s, Inc. (NYSE:DDS) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lowered its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,471 shares of the company’s stock after selling 9,198 shares during the quarter. Voloridge Investment Management LLC’s holdings in Dillard’s were worth $25,244,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Dillard’s by 177.3% during 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 last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Dillard’s during the fourth quarter worth $36,000. KBC Group NV grew its holdings in shares of Dillard’s by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after buying an additional 99 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Dillard’s during the fourth quarter valued at $108,000. Finally, US Bancorp DE increased its position in shares of Dillard’s by 102.3% in the 4th quarter. US Bancorp DE now owns 261 shares of the company’s stock valued at $113,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DDS. Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 price target on shares of Dillard’s in a research report on Friday, May 16th. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Finally, UBS Group lifted their target price on Dillard’s from $150.00 to $170.00 and gave the stock a “sell” rating in a report on Friday, May 16th.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $401.38 on Thursday. The company has a 50 day simple moving average of $350.35 and a two-hundred day simple moving average of $409.39. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 10.33 and a beta of 0.96. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 12 month low of $282.24 and a 12 month high of $510.00.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.10 by $1.29. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. During the same quarter last year, the company posted $11.10 earnings per share. As a group, analysts predict that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. Dillard’s’s payout ratio is currently 2.76%.

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.