Dillard’s, Inc. $DDS Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its position in Dillard’s, Inc. (NYSE:DDS) by 22.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,036 shares of the company’s stock after selling 2,564 shares during the period. Jefferies Financial Group Inc.’s holdings in Dillard’s were worth $5,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DDS shares. Telsey Advisory Group cut their price target on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a report on Wednesday, February 25th. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. UBS Group increased their price objective on shares of Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research note on Friday, November 28th. Finally, Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Sunday. Three analysts have rated the stock with a Hold rating and two have given 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 $519.67.

Dillard’s Stock Up 0.3%

Shares of DDS opened at $591.07 on Tuesday. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 16.23 and a beta of 1.30. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $741.97. The stock’s 50-day moving average price is $638.54 and its 200-day moving average price is $623.10. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating the consensus estimate of $9.98 by $3.07. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $13.48 earnings per share. Dillard’s’s quarterly revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Dillard’s’s payout ratio is 3.30%.

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.