Dillard’s, Inc. (NYSE:DDS) Shares Sold by Vestcor Inc

Vestcor Inc trimmed its holdings in Dillard’s, Inc. (NYSE:DDS) by 66.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 451 shares of the company’s stock after selling 901 shares during the period. Vestcor Inc’s holdings in Dillard’s were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Dillard’s by 177.3% during the fourth 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. Blue Trust Inc. increased its position in Dillard’s by 20.7% during the fourth quarter. Blue Trust Inc. now owns 518 shares of the company’s stock worth $224,000 after purchasing an additional 89 shares during the last quarter. KBC Group NV increased its position in Dillard’s by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock worth $93,000 after purchasing an additional 99 shares during the last quarter. US Bancorp DE increased its position in Dillard’s by 102.3% during the fourth quarter. US Bancorp DE now owns 261 shares of the company’s stock worth $113,000 after purchasing an additional 132 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Dillard’s by 3.3% during the third quarter. Tidal Investments LLC now owns 4,854 shares of the company’s stock worth $1,862,000 after purchasing an additional 157 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 DDS opened at $363.02 on Wednesday. Dillard’s, Inc. has a 1-year low of $328.00 and a 1-year high of $510.00. The stock has a market cap of $5.77 billion, a PE ratio of 9.34 and a beta of 0.89. The firm has a 50-day simple moving average of $443.32 and a two-hundred day simple moving average of $416.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating analysts’ consensus estimates of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $15.44 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Cuts Dividend

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

Insider Activity

In other news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the transaction, the vice president now owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 33.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DDS. UBS Group raised their price objective 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 reiterated a “market perform” rating and set a $450.00 price target on shares of Dillard’s in a research report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday.

Dillard’s Company 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.