Strs Ohio Sells 3,176 Shares of Dillard’s, Inc. $DDS

Strs Ohio decreased its position in shares of Dillard’s, Inc. (NYSE:DDS) by 97.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71 shares of the company’s stock after selling 3,176 shares during the quarter. Strs Ohio’s holdings in Dillard’s were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after purchasing an additional 73 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Dillard’s during the third quarter valued at $52,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Dillard’s in the 2nd quarter worth about $55,000. Finally, Tower Research Capital LLC TRC raised its position in Dillard’s by 100.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 170 shares of the company’s stock worth $71,000 after buying an additional 85 shares during the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group lifted their target price on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. JPMorgan Chase & Co. raised their price target on Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $511.33.

Dillard’s Trading Down 2.5%

Shares of Dillard’s stock opened at $636.64 on Friday. Dillard’s, Inc. has a 1-year low of $282.24 and a 1-year high of $741.97. The company’s fifty day simple moving average is $654.56 and its 200-day simple moving average is $599.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.00. The stock has a market capitalization of $9.96 billion, a PE ratio of 17.28 and a beta of 1.27.

Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, November 13th. The company reported $8.31 EPS for the quarter, topping analysts’ consensus estimates of $6.43 by $1.88. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.Dillard’s’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $7.73 EPS. As a group, equities analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Dillard’s’s payout ratio is presently 3.26%.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.