Arizona State Retirement System Lowers Holdings in Dillard’s, Inc. (NYSE:DDS)

Arizona State Retirement System decreased its holdings in Dillard’s, Inc. (NYSE:DDS) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,026 shares of the company’s stock after selling 36 shares during the quarter. Arizona State Retirement System’s holdings in Dillard’s were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in Dillard’s by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Dillard’s in the 4th quarter valued at approximately $36,000. Whipplewood Advisors LLC raised its position in shares of Dillard’s by 2,980.0% in the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company’s stock valued at $55,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Dillard’s by 986.7% in the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company’s stock valued at $59,000 after purchasing an additional 148 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Dillard’s in the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Trading Up 4.4%

Shares of DDS opened at $484.84 on Wednesday. The stock has a fifty day moving average price of $417.92 and a two-hundred day moving average price of $405.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. Dillard’s, Inc. has a 52-week low of $282.24 and a 52-week high of $510.00. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 13.40 and a beta of 0.99.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 15th. The company reported $10.39 EPS for the quarter, topping analysts’ consensus estimates of $9.10 by $1.29. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a return on equity of 30.52% and a net margin of 8.93%. During the same period in the previous year, the firm earned $11.10 earnings per share. Analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Monday, June 30th. Dillard’s’s dividend payout ratio is currently 2.76%.

Analysts Set New Price Targets

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

Dillard’s Company 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.