Canada Pension Plan Investment Board lessened its stake in Dillard’s, Inc. (NYSE:DDS) by 43.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,219 shares of the company’s stock after selling 69,100 shares during the period. Canada Pension Plan Investment Board owned about 0.31% of Dillard’s worth $5,059,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parametrica Management Ltd bought a new stake in shares of Dillard’s in the second quarter valued at about $618,000. Royce & Associates LP raised its position in Dillard’s by 41.8% in the second quarter. Royce & Associates LP now owns 139,481 shares of the company’s stock worth $8,047,000 after purchasing an additional 41,098 shares in the last quarter. Commonwealth Bank of Australia raised its position in Dillard’s by 31.6% in the second quarter. Commonwealth Bank of Australia now owns 14,154 shares of the company’s stock worth $816,000 after purchasing an additional 3,400 shares in the last quarter. Aristotle Fund L.P. acquired a new position in Dillard’s in the second quarter worth about $4,558,000. Finally, BlackRock Inc. raised its position in Dillard’s by 4.0% in the second quarter. BlackRock Inc. now owns 2,163,602 shares of the company’s stock worth $124,820,000 after purchasing an additional 83,653 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.
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Shares of Dillard’s, Inc. (NYSE:DDS) opened at $53.89 on Wednesday. The firm has a market cap of $1,572.36, a P/E ratio of 14.26, a PEG ratio of 6.02 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.14 and a current ratio of 1.42. Dillard’s, Inc. has a fifty-two week low of $45.51 and a fifty-two week high of $83.44.
Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.35 billion. Dillard’s had a net margin of 1.92% and a return on equity of 7.40%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. equities research analysts forecast that Dillard’s, Inc. will post 3.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, September 29th were issued a dividend of $0.10 per share. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. Dillard’s’s dividend payout ratio (DPR) is presently 10.64%.
In other news, Director J C. Watts, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $60.30, for a total transaction of $27,135.00. Following the completion of the sale, the director now owns 8,200 shares of the company’s stock, valued at $494,460. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 26.63% of the company’s stock.
Several research analysts recently issued reports on DDS shares. ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Dillard’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co reissued an “underweight” rating and issued a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. Finally, Deutsche Bank AG increased their price target on shares of Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.25.
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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