Arizona State Retirement System Lowers Stock Holdings in Dillard’s, Inc. (NYSE:DDS)

Arizona State Retirement System reduced its position in shares of Dillard’s, Inc. (NYSE:DDS) by 28.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,097 shares of the company’s stock after selling 428 shares during the period. Arizona State Retirement System’s holdings in Dillard’s were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of Dillard’s by 55.0% during the third quarter. Federated Hermes Inc. now owns 93 shares of the company’s stock worth $25,000 after buying an additional 33 shares during the period. Dupont Capital Management Corp boosted its holdings in Dillard’s by 7.4% in the second quarter. Dupont Capital Management Corp now owns 522 shares of the company’s stock valued at $170,000 after purchasing an additional 36 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in Dillard’s by 1.3% in the first quarter. Brandywine Global Investment Management LLC now owns 2,808 shares of the company’s stock valued at $864,000 after purchasing an additional 37 shares during the period. Baird Financial Group Inc. boosted its holdings in Dillard’s by 1.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,050 shares of the company’s stock valued at $1,310,000 after purchasing an additional 51 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Dillard’s by 14.4% in the first quarter. Great West Life Assurance Co. Can now owns 565 shares of the company’s stock valued at $161,000 after purchasing an additional 71 shares during the period. 54.36% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Stock Down 3.7 %

Shares of NYSE DDS opened at $312.94 on Wednesday. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 6.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 1.17. The business has a 50-day moving average of $318.03 and a two-hundred day moving average of $318.58. Dillard’s, Inc. has a 1 year low of $272.58 and a 1 year high of $417.86.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, August 10th. The company reported $7.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $3.32. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a return on equity of 46.53% and a net margin of 11.88%. Dillard’s’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $9.30 EPS. On average, analysts forecast that Dillard’s, Inc. will post 39.31 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, September 29th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from Dillard’s’s previous quarterly dividend of $0.20. Dillard’s’s payout ratio is 2.10%.

Analysts Set New Price Targets

DDS has been the subject of a number of recent research reports. Telsey Advisory Group lifted their target price on Dillard’s from $325.00 to $410.00 and gave the company a “market perform” rating in a report on Friday, August 11th. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday.

Dillard’s Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. The company also engages in the general contracting construction activities.