Meeder Asset Management Inc. reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,326 shares of the company’s stock after selling 705 shares during the quarter. Meeder Asset Management Inc.’s holdings in Dillard’s were worth $815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in shares of Dillard’s by 120.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 248,819 shares of the company’s stock worth $15,005,000 after purchasing an additional 135,900 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Dillard’s during the 4th quarter valued at about $96,000. Teachers Advisors LLC boosted its holdings in shares of Dillard’s by 3.1% during the 3rd quarter. Teachers Advisors LLC now owns 25,129 shares of the company’s stock valued at $1,918,000 after purchasing an additional 761 shares during the last quarter. Flossbach Von Storch AG boosted its holdings in shares of Dillard’s by 19.5% during the 4th quarter. Flossbach Von Storch AG now owns 27,600 shares of the company’s stock valued at $1,665,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Dillard’s by 172.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,837 shares of the company’s stock valued at $140,000 after purchasing an additional 1,162 shares during the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DDS opened at $73.89 on Friday. The company has a quick ratio of 0.26, a current ratio of 1.90 and a debt-to-equity ratio of 0.34. Dillard’s, Inc. has a 12 month low of $55.73 and a 12 month high of $98.75. The stock has a market capitalization of $1.95 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Monday, February 25th. The company reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.77 by $0.45. Dillard’s had a net margin of 2.63% and a return on equity of 10.22%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $2.82 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that Dillard’s, Inc. will post 5.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Friday, March 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, March 28th. Dillard’s’s payout ratio is 6.54%.

Several research analysts have commented on DDS shares. Bank of America reissued an “underperform” rating and set a $64.00 price objective (up previously from $55.00) on shares of Dillard’s in a report on Tuesday, February 26th. JPMorgan Chase & Co. downgraded shares of Dillard’s from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $68.00 to $57.00 in a report on Monday, March 4th. Wedbush set a $65.00 price objective on shares of Dillard’s and gave the company a “positive” rating in a report on Wednesday, February 20th. Zacks Investment Research downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, Deutsche Bank increased their price objective on shares of Dillard’s from $55.00 to $62.00 and gave the company a “sell” rating in a report on Tuesday, February 26th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $63.57.

In related news, VP Mike Litchford sold 1,060 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $73.81, for a total value of $78,238.60. Following the completion of the transaction, the vice president now owns 1,932 shares of the company’s stock, valued at approximately $142,600.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 19.10% of the stock is currently owned by company insiders.

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Dillard’s Company Profile

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer 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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