Wedge Capital Management L L P NC Sells 15,194 Shares of Dillard’s, Inc. $DDS

Wedge Capital Management L L P NC cut its position in shares of Dillard’s, Inc. (NYSE:DDS) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,686 shares of the company’s stock after selling 15,194 shares during the period. Wedge Capital Management L L P NC’s holdings in Dillard’s were worth $33,765,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DDS. Quarry LP bought a new position in Dillard’s in the third quarter worth $33,000. EverSource Wealth Advisors LLC increased its holdings in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after buying an additional 73 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Dillard’s during the 3rd quarter worth about $52,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Dillard’s during the 2nd quarter worth about $55,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on DDS. Telsey Advisory Group lowered their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 25th. UBS Group raised their price target 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. JPMorgan Chase & Co. decreased their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $519.67.

Dillard’s Stock Up 0.5%

Shares of NYSE:DDS opened at $554.90 on Friday. The company’s fifty day moving average is $618.12 and its 200-day moving average is $625.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65. Dillard’s, Inc. has a 52 week low of $282.24 and a 52 week high of $741.97. The company has a market capitalization of $8.68 billion, a PE ratio of 15.24 and a beta of 1.30.

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

Dillard’s Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is presently 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.