Sterling Capital Management LLC Acquires 1,998 Shares of Dillard’s, Inc. (NYSE:DDS)

Sterling Capital Management LLC raised its holdings in Dillard’s, Inc. (NYSE:DDS) by 1,707.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,115 shares of the company’s stock after buying an additional 1,998 shares during the period. Sterling Capital Management LLC’s holdings in Dillard’s were worth $913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clientfirst Wealth Management LLC acquired a new stake in shares of Dillard’s in the fourth quarter valued at about $48,873,000. Bank of New York Mellon Corp increased its position in shares of Dillard’s by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock worth $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Dillard’s by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock worth $151,975,000 after purchasing an additional 25,212 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Dillard’s by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock worth $91,339,000 after purchasing an additional 20,155 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Dillard’s in the 4th quarter valued at approximately $7,270,000. 67.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research report on Friday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a report on Wednesday, February 26th. Finally, StockNews.com cut Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th.

Dillard’s Trading Down 0.7 %

Shares of Dillard’s stock opened at $316.13 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The business has a fifty day simple moving average of $388.84 and a two-hundred day simple moving average of $412.50. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $510.00. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 8.14 and a beta of 0.66.

Dillard’s (NYSE:DDS) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company posted $15.44 EPS. Dillard’s’s quarterly revenue was down 5.0% compared to the same quarter last year. Research analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Monday, March 31st. Dillard’s’s dividend payout ratio is presently 2.71%.

Dillard’s Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.