Citadel Advisors LLC Sells 137,922 Shares of Dillard’s, Inc. (NYSE:DDS)

Citadel Advisors LLC lowered its position in Dillard’s, Inc. (NYSE:DDS) by 94.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,438 shares of the company’s stock after selling 137,922 shares during the period. Citadel Advisors LLC owned 0.05% of Dillard’s worth $3,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Consolidated Planning Corp grew its holdings in Dillard’s by 154.5% in the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company’s stock worth $654,000 after purchasing an additional 919 shares during the period. Pacer Advisors Inc. grew its stake in shares of Dillard’s by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock worth $151,975,000 after buying an additional 25,212 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dillard’s in the 4th quarter worth approximately $7,270,000. Wells Fargo & Company MN increased its position in Dillard’s by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company’s stock valued at $338,000 after buying an additional 68 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Dillard’s during the fourth quarter valued at $556,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DDS. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a research note on Friday. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Finally, UBS Group raised their price objective on shares of Dillard’s from $150.00 to $170.00 and gave the company a “sell” rating in a research note on Friday.

Dillard’s Stock Performance

DDS stock opened at $404.49 on Tuesday. The stock’s 50 day simple moving average is $348.33 and its 200 day simple moving average is $409.38. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00. The stock has a market capitalization of $6.43 billion, a PE ratio of 10.41 and a beta of 0.96.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.10 by $1.29. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company posted $11.10 earnings per share. As a group, research analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Monday, March 31st. Dillard’s’s dividend payout ratio is currently 2.76%.

Dillard’s Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.