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.

Institutional Ownership by Quarter for Dillard`s (NYSE:DDS)

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%.

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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.

About Dillard’s

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.

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