New York State Common Retirement Fund Cuts Stock Position in Dillard’s, Inc. (NYSE:DDS)

New York State Common Retirement Fund lessened its stake in Dillard’s, Inc. (NYSE:DDS) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,713 shares of the company’s stock after selling 149 shares during the period. New York State Common Retirement Fund’s holdings in Dillard’s were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DDS. Raymond James Financial Inc. purchased a new position in Dillard’s in the fourth quarter valued at about $556,000. PNC Financial Services Group Inc. grew its stake in shares of Dillard’s by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after acquiring an additional 39 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Dillard’s during the fourth quarter worth about $288,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Dillard’s during the fourth quarter worth about $680,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Dillard’s by 37.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,256 shares of the company’s stock worth $4,428,000 after purchasing an additional 2,801 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Trading Up 0.2%

Shares of NYSE:DDS opened at $499.07 on Friday. Dillard’s, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00. The company has a market capitalization of $7.81 billion, a PE ratio of 13.79 and a beta of 0.99. The business has a 50 day moving average of $425.20 and a two-hundred day moving average of $406.86. The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.

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. The company 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 period in the previous year, the company posted $11.10 earnings per share. As a group, analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, June 30th. Dillard’s’s payout ratio is 2.76%.

Analysts Set New Price Targets

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

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.