Public Employees Retirement Association of Colorado Sells 7 Shares of Dillard’s, Inc. (DDS)
Public Employees Retirement Association of Colorado reduced its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 4,352 shares of the company’s stock after selling 7 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dillard’s were worth $227,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in DDS. Bank of Montreal Can boosted its position in Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock worth $215,000 after buying an additional 708 shares during the last quarter. Profund Advisors LLC purchased a new position in Dillard’s during the first quarter worth $236,000. Guggenheim Capital LLC purchased a new position in Dillard’s during the fourth quarter worth $319,000. Tudor Investment Corp Et Al boosted its position in Dillard’s by 67.6% in the fourth quarter. Tudor Investment Corp Et Al now owns 6,200 shares of the company’s stock worth $389,000 after buying an additional 2,500 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Dillard’s during the first quarter worth $334,000. Hedge funds and other institutional investors own 85.98% of the company’s stock.
Dillard’s, Inc. (NYSE:DDS) opened at 55.59 on Friday. Dillard’s, Inc. has a 52-week low of $45.51 and a 52-week high of $77.70. The firm has a 50-day moving average of $52.54 and a 200-day moving average of $56.03. The stock has a market capitalization of $1.62 billion, a PE ratio of 11.68 and a beta of 1.03.
Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, May 11th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. Dillard’s had a net margin of 2.50% and a return on equity of 9.39%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The business’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts expect that Dillard’s, Inc. will post $4.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.28 annualized dividend and a dividend yield of 0.50%. Dillard’s’s payout ratio is 5.76%.
ILLEGAL ACTIVITY NOTICE: This report was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/public-employees-retirement-association-of-colorado-sells-7-shares-of-dillards-inc-dds-2/1371929.html.
A number of research firms have weighed in on DDS. Deutsche Bank AG decreased their price objective on shares of Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a research report on Friday, May 12th. ValuEngine cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Zacks Investment Research raised shares of Dillard’s from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, Telsey Advisory Group decreased their price objective on shares of Dillard’s from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.67.
In other news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 23.27% of the company’s stock.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
Want to see what other hedge funds are holding DDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dillard’s, Inc. (NYSE:DDS).
Receive News & Ratings for Dillard's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.