Vest Financial LLC Sells 2,055 Shares of Dillard’s, Inc. $DDS

Vest Financial LLC cut its position in shares of Dillard’s, Inc. (NYSE:DDS) by 25.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,131 shares of the company’s stock after selling 2,055 shares during the period. Vest Financial LLC’s holdings in Dillard’s were worth $3,767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the period. GAMMA Investing LLC grew its position in shares of Dillard’s by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock worth $39,000 after buying an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after buying an additional 73 shares during the period. CoreCap Advisors LLC bought a new position in shares of Dillard’s in the 3rd quarter worth about $52,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Dillard’s during the 2nd quarter valued at about $55,000. 67.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DDS. Zacks Research upgraded shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group raised their price objective on Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. lifted their price objective on Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $511.33.

Dillard’s Price Performance

Shares of DDS opened at $641.65 on Friday. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $741.97. The company has a market capitalization of $10.04 billion, a P/E ratio of 17.42 and a beta of 1.20. The firm has a 50 day moving average of $654.89 and a 200 day moving average of $586.54. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 0.21.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Thursday, November 13th. The company reported $8.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.43 by $1.88. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the firm posted $7.73 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate 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, February 2nd. Investors of record on Wednesday, December 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, December 31st. Dillard’s’s dividend payout ratio is 3.26%.

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.