2,600 Shares in Dillard’s, Inc. (NYSE:DDS) Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new stake in Dillard’s, Inc. (NYSE:DDS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,600 shares of the company’s stock, valued at approximately $1,049,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in Dillard’s by 1.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,352 shares of the company’s stock worth $5,793,000 after purchasing an additional 150 shares during the period. Stratos Wealth Advisors LLC boosted its stake in Dillard’s by 3.8% in the fourth quarter. Stratos Wealth Advisors LLC now owns 3,518 shares of the company’s stock valued at $1,420,000 after acquiring an additional 128 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in Dillard’s during the 4th quarter worth $2,038,000. SG Americas Securities LLC acquired a new position in shares of Dillard’s in the 4th quarter valued at $839,000. Finally, Horrell Capital Management Inc. boosted its position in shares of Dillard’s by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $11,796,000 after purchasing an additional 94 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DDS. Telsey Advisory Group boosted their target price on Dillard’s from $330.00 to $450.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. UBS Group raised their price objective on Dillard’s from $180.00 to $190.00 and gave the stock a “sell” rating in a research note on Tuesday, February 27th. Finally, StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th.

Insider Transactions at Dillard’s

In other news, Director J C. Watts, Jr. sold 500 shares of Dillard’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $411.21, for a total transaction of $205,605.00. Following the completion of the sale, the director now owns 11,400 shares of the company’s stock, valued at $4,687,794. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 33.80% of the company’s stock.

Dillard’s Trading Up 0.8 %

Shares of NYSE:DDS opened at $448.97 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.67 and a quick ratio of 1.35. The company’s 50-day moving average price is $428.96 and its two-hundred day moving average price is $386.48. The stock has a market capitalization of $7.29 billion, a PE ratio of 10.03 and a beta of 0.95. Dillard’s, Inc. has a one year low of $272.58 and a one year high of $476.48.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Monday, February 26th. The company reported $13.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.59 by $2.10. Dillard’s had a net margin of 10.94% and a return on equity of 40.90%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.08 billion. On average, equities analysts forecast that Dillard’s, Inc. will post 32.59 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, March 28th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 0.22%. Dillard’s’s dividend payout ratio is currently 2.23%.

Dillard’s Profile

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