Public Employees Retirement Association of Colorado Reduces Stock Position in Dillard’s, Inc. (NYSE:DDS)

Public Employees Retirement Association of Colorado cut its holdings in Dillard’s, Inc. (NYSE:DDS) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455 shares of the company’s stock after selling 46 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Dillard’s were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DDS. Atlantic Edge Private Wealth Management LLC bought a new position in Dillard’s in the 2nd quarter worth $26,000. Headlands Technologies LLC bought a new position in Dillard’s in the first quarter worth about $68,000. SG Americas Securities LLC lifted its holdings in Dillard’s by 31.0% in the second quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after buying an additional 78 shares during the period. Blue Trust Inc. boosted its position in Dillard’s by 45.1% during the 2nd quarter. Blue Trust Inc. now owns 341 shares of the company’s stock valued at $161,000 after acquiring an additional 106 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Dillard’s by 5,025.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 410 shares of the company’s stock worth $181,000 after acquiring an additional 402 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Insider Transactions at Dillard’s

In other Dillard’s news, Director Robert C. Connor acquired 100 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of $346.82 per share, with a total value of $34,682.00. Following the completion of the transaction, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DDS shares. Telsey Advisory Group lowered their target price on Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. UBS Group dropped their target price on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, August 16th. Finally, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

Dillard’s Stock Performance

Shares of DDS opened at $394.33 on Monday. Dillard’s, Inc. has a 52 week low of $286.39 and a 52 week high of $476.48. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. The stock has a market cap of $6.40 billion, a P/E ratio of 8.96 and a beta of 0.85. The business’s 50 day moving average price is $367.24 and its 200-day moving average price is $410.74.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing the consensus estimate of $5.97 by ($1.38). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $7.98 earnings per share. Equities research analysts anticipate that Dillard’s, Inc. will post 31.2 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Monday, September 30th. Dillard’s’s payout ratio is 2.27%.

About Dillard’s

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.