1,544 Dillard’s, Inc. $DDS Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in shares of Dillard’s, Inc. (TXSE:DDS) by 13.8% during the third quarter, Holdings Channel reports. The institutional investor owned 9,621 shares of the company’s stock after selling 1,544 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dillard’s were worth $6,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Nykredit A S purchased a new stake in Dillard’s in the 2nd quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Dillard’s in the third quarter worth $31,000. Root Financial Partners LLC purchased a new stake in shares of Dillard’s in the third quarter worth $41,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Dillard’s in the second quarter worth $69,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Dillard’s by 29.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock valued at $81,000 after purchasing an additional 32 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DDS. JPMorgan Chase & Co. lifted their target price on shares of Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research note on Monday, August 17th. UBS Group upped their target price on shares of Dillard’s from $465.00 to $468.00 and gave the stock a “sell” rating in a report on Monday, August 17th. Weiss Ratings lowered Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $545.67.

Dillard’s Trading Down 3.1%

Shares of DDS opened at $598.89 on Friday. The firm has a market cap of $9.35 billion, a P/E ratio of 13.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. Dillard’s, Inc. has a 1 year low of $503.06 and a 1 year high of $741.97. The company has a 50 day simple moving average of $651.59 and a two-hundred day simple moving average of $605.62.

Dillard’s (TXSE:DDS) last released its earnings results on Thursday, November 12th. The company reported $8.38 EPS for the quarter, topping the consensus estimate of $8.05 by $0.33. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. During the same period in the prior year, the firm earned $8.31 EPS. On average, equities analysts expect that Dillard’s, Inc. will post 35.50 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Wednesday, September 30th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Dillard’s’s dividend payout ratio (DPR) is presently 2.75%.

Dillard’s Profile

Dillard’s, Inc. is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories. The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.