Morgan Stanley lowered its position in Dillard’s, Inc. (NYSE:DDS) by 19.4% during the first quarter, Holdings Channel reports. The institutional investor owned 80,845 shares of the company’s stock after selling 19,400 shares during the period. Morgan Stanley’s holdings in Dillard’s were worth $4,224,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC acquired a new position in Dillard’s during the fourth quarter worth $319,000. CIBC World Markets Inc. acquired a new position in Dillard’s during the first quarter worth $1,248,000. Segantii Capital Management Ltd acquired a new position in Dillard’s during the first quarter worth $125,000. Principal Financial Group Inc. boosted its position in Dillard’s by 2,638.9% in the first quarter. Principal Financial Group Inc. now owns 99,037 shares of the company’s stock worth $5,174,000 after buying an additional 95,421 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH boosted its position in Dillard’s by 16.4% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 34,960 shares of the company’s stock worth $1,826,000 after buying an additional 4,934 shares in the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.

Dillard’s, Inc. (DDS) traded down 5.98% during trading on Friday, hitting $58.01. The stock had a trading volume of 2,862,956 shares. Dillard’s, Inc. has a one year low of $45.51 and a one year high of $83.44. The stock’s 50-day moving average is $64.28 and its 200 day moving average is $55.96. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 14.37 and a beta of 1.12.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, August 10th. The company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.77. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.76%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts anticipate that Dillard’s, Inc. will post $4.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a $0.07 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.28 annualized dividend and a yield of 0.48%. Dillard’s’s payout ratio is currently 7.12%.

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A number of equities analysts have recently weighed in on DDS shares. BidaskClub upgraded Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Dillard’s from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Deutsche Bank AG lowered their price target on Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a report on Friday, May 12th. TheStreet upgraded Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a $36.00 price target (down from $49.00) on shares of Dillard’s in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

In related news, major shareholder David Einhorn sold 35,125 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.27% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.

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Institutional Ownership by Quarter for Dillard`s (NYSE:DDS)

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