866 Dillard’s, Inc. $DDS Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. trimmed its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 19,288 shares of the company’s stock after selling 866 shares during the quarter. Dillard’s comprises 6.9% of Horrell Capital Management Inc.’s portfolio, making the stock its 3rd largest holding. Horrell Capital Management Inc.’s holdings in Dillard’s were worth $12,923,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC lifted its holdings in Dillard’s by 1.1% in the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company’s stock worth $981,000 after purchasing an additional 17 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Dillard’s by 108.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock worth $29,000 after acquiring an additional 25 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Dillard’s by 6.8% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock worth $225,000 after acquiring an additional 25 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Dillard’s by 29.1% in the first quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $81,000 after acquiring an additional 32 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Dillard’s by 33.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock worth $101,000 after purchasing an additional 38 shares during the period. Institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Down 0.1%

Shares of NYSE:DDS traded down $0.56 during midday trading on Thursday, reaching $648.82. 157,865 shares of the company were exchanged, compared to its average volume of 139,023. The firm has a market cap of $10.13 billion, a PE ratio of 14.86 and a beta of 1.11. The stock has a fifty day simple moving average of $634.52 and a two-hundred day simple moving average of $592.54. Dillard’s, Inc. has a fifty-two week low of $503.06 and a fifty-two week high of $741.97. The company has a quick ratio of 1.58, a current ratio of 3.03 and a debt-to-equity ratio of 0.16.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. As a group, sell-side analysts forecast that Dillard’s, Inc. will post 35.5 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Dillard’s’s payout ratio is presently 2.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DDS. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group increased their price target on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a report on Monday, August 17th. JPMorgan Chase & Co. upped their price objective on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research note on Monday, August 17th. Weiss Ratings lowered shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Finally, Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $545.67.

Dillard’s Company Profile

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.