Dillard’s, Inc. $DDS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 88.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 284 shares of the company’s stock after selling 2,263 shares during the period. SG Americas Securities LLC’s holdings in Dillard’s were worth $172,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DDS. Royal Bank of Canada raised its stake in shares of Dillard’s by 322.9% in the first quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock valued at $1,257,000 after acquiring an additional 2,680 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after acquiring an additional 73 shares in the last quarter. Millennium Management LLC raised its stake in shares of Dillard’s by 18.3% in the first quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock valued at $16,009,000 after acquiring an additional 6,913 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after acquiring an additional 28,468 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Dillard’s in the first quarter valued at $3,746,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen lowered Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Telsey Advisory Group dropped their target price on Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $519.67.

Dillard’s Trading Down 2.2%

NYSE DDS opened at $593.41 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The firm’s fifty day moving average price is $604.01 and its 200 day moving average price is $624.16. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 16.30 and a beta of 1.27. Dillard’s, Inc. has a 12 month low of $310.92 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last posted its earnings results on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, beating analysts’ consensus estimates of $9.98 by $3.07. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.03 billion. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $13.48 EPS. On average, sell-side analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is presently 3.30%.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.