Teacher Retirement System of Texas Sells 1,573 Shares of Dillard’s, Inc. (NYSE:DDS)

Teacher Retirement System of Texas decreased its holdings in Dillard’s, Inc. (NYSE:DDS) by 56.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,203 shares of the company’s stock after selling 1,573 shares during the period. Teacher Retirement System of Texas’ holdings in Dillard’s were worth $431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DDS. Millennium Management LLC raised its position in Dillard’s by 3,989.8% during the 4th quarter. Millennium Management LLC now owns 37,790 shares of the company’s stock worth $16,315,000 after purchasing an additional 36,866 shares during the last quarter. First Trust Advisors LP raised its position in Dillard’s by 47.0% during the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company’s stock worth $35,307,000 after purchasing an additional 26,132 shares during the last quarter. Summit Street Capital Management LLC bought a new position in Dillard’s during the 4th quarter worth $9,155,000. Gotham Asset Management LLC grew its holdings in Dillard’s by 218.3% during the 4th quarter. Gotham Asset Management LLC now owns 26,569 shares of the company’s stock worth $11,471,000 after acquiring an additional 18,221 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Dillard’s during the 4th quarter worth about $5,288,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analysts Set New Price Targets

DDS has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $450.00 price target on shares of Dillard’s in a report on Friday, May 16th. UBS Group increased their price target on Dillard’s from $150.00 to $170.00 and gave the stock a “sell” rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th.

Dillard’s Stock Performance

Shares of DDS opened at $461.25 on Friday. The company has a market cap of $7.21 billion, a PE ratio of 12.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $510.00. The stock has a 50-day moving average of $412.62 and a 200-day moving average of $405.12.

Dillard’s (NYSE:DDS) last released 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. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a return on equity of 30.52% and a net margin of 8.93%. During the same quarter in the previous year, the business earned $11.10 EPS. On average, equities research analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. Dillard’s’s dividend payout ratio (DPR) is currently 2.76%.

About Dillard’s

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.