Mitsubishi UFJ Trust & Banking Corp Sells 289 Shares of Dillard’s, Inc. (NYSE:DDS)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Dillard’s, Inc. (NYSE:DDS) by 28.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 727 shares of the company’s stock after selling 289 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dillard’s were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. raised its position in Dillard’s by 55.0% during the 3rd quarter. Federated Hermes Inc. now owns 93 shares of the company’s stock worth $25,000 after purchasing an additional 33 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Dillard’s in the second quarter worth approximately $76,000. Point72 Middle East FZE bought a new stake in Dillard’s in the fourth quarter valued at approximately $101,000. Dupont Capital Management Corp increased its position in Dillard’s by 7.4% during the 2nd 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. Finally, Great West Life Assurance Co. Can raised its holdings in Dillard’s by 14.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 565 shares of the company’s stock worth $161,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 54.36% of the company’s stock.

Dillard’s Stock Performance

NYSE:DDS opened at $338.78 on Monday. The company has a quick ratio of 0.86, a current ratio of 2.22 and a debt-to-equity ratio of 0.29. Dillard’s, Inc. has a twelve month low of $272.58 and a twelve month high of $417.86. The company has a fifty day moving average of $313.67 and a 200-day moving average of $319.35. The firm has a market capitalization of $5.56 billion, a P/E ratio of 7.33 and a beta of 0.97.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, November 9th. The company reported $9.49 earnings per share for the quarter, beating the consensus estimate of $7.23 by $2.26. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Dillard’s had a net margin of 11.51% and a return on equity of 43.22%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.96 earnings per share. As a group, sell-side analysts anticipate that Dillard’s, Inc. will post 39.26 EPS for the current year.

Dillard’s Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 15th will be paid a $20.00 dividend. The ex-dividend date is Thursday, December 14th. This is a boost from Dillard’s’s previous None dividend of $15.00. Dillard’s’s dividend payout ratio (DPR) is 2.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DDS shares. Telsey Advisory Group decreased their price objective on shares of Dillard’s from $410.00 to $330.00 and set a “market perform” rating for the company in a research report on Friday, November 10th. StockNews.com downgraded Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, November 13th.

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.