Versor Investments LP Acquires Shares of 1,203 Dillard’s, Inc. (NYSE:DDS)

Versor Investments LP bought a new stake in shares of Dillard’s, Inc. (NYSE:DDS) in the fourth quarter, Holdings Channel reports. The firm bought 1,203 shares of the company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also modified their holdings of DDS. State Street Corp boosted its position in Dillard’s by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after purchasing an additional 2,758 shares during the last quarter. Consolidated Planning Corp raised its stake in shares of Dillard’s by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company’s stock worth $654,000 after purchasing an additional 919 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Dillard’s during the 3rd quarter valued at about $125,388,000. Quantbot Technologies LP grew its stake in shares of Dillard’s by 49.3% in the 3rd quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock valued at $2,171,000 after buying an additional 1,868 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Dillard’s by 10.1% in the third quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock worth $1,957,000 after buying an additional 467 shares during the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Performance

Shares of NYSE DDS opened at $389.34 on Friday. The business’s 50-day simple moving average is $463.18 and its 200-day simple moving average is $414.57. Dillard’s, Inc. has a 52 week low of $328.00 and a 52 week high of $510.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 10.02 and a beta of 0.88.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, beating 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company posted $15.44 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.26%. Dillard’s’s dividend payout ratio (DPR) is presently 2.71%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group lifted their price objective on shares of Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a research note on Friday. Finally, 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.

Insiders Place Their Bets

In other news, VP Tom W. Bolin sold 300 shares of Dillard’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the transaction, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 33.80% of the company’s stock.

About Dillard’s

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.