Sei Investments Co. Sells 2,704 Shares of Dillard’s, Inc. $DDS

Sei Investments Co. cut its holdings in Dillard’s, Inc. (NYSE:DDS) by 31.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,920 shares of the company’s stock after selling 2,704 shares during the period. Sei Investments Co.’s holdings in Dillard’s were worth $3,387,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DDS. Farther Finance Advisors LLC raised its holdings in Dillard’s by 9.1% in the 4th quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock valued at $116,000 after buying an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Dillard’s by 17.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock worth $67,000 after buying an additional 16 shares during the period. New York State Common Retirement Fund grew its holdings in Dillard’s by 0.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,729 shares of the company’s stock worth $1,048,000 after acquiring an additional 16 shares during the last quarter. Cetera Investment Advisers increased its position in Dillard’s by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 399 shares of the company’s stock valued at $242,000 after acquiring an additional 16 shares during the period. Finally, Virtu Financial LLC increased its position in Dillard’s by 1.1% in the 4th quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock valued at $981,000 after acquiring an additional 17 shares during the period. 67.15% of the stock is owned by institutional investors.

Dillard’s Price Performance

DDS stock opened at $613.55 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 14.59 and a beta of 1.15. The company’s fifty day simple moving average is $570.54 and its 200 day simple moving average is $588.66. Dillard’s, Inc. has a 12-month low of $456.69 and a 12-month high of $741.97.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the company posted $10.39 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Dillard’s, Inc. will post 35.26 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th 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 Tuesday, June 30th. Dillard’s’s dividend payout ratio is 2.85%.

Insider Activity at Dillard’s

In other news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director directly owned 10,150 shares in the company, valued at $6,183,177. This trade represents a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 34.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DDS shares. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings lowered Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, UBS Group lifted their target price on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $521.33.

About Dillard’s

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.