Alliancebernstein L.P. Has $525,000 Holdings in Dillard's, Inc. (NYSE:DDS)

Alliancebernstein L.P. reduced its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 86.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,215 shares of the company's stock after selling 7,698 shares during the period. Alliancebernstein L.P.'s holdings in Dillard's were worth $525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DDS. State Street Corp increased its position in shares of Dillard's by 3.7% in the third quarter. State Street Corp now owns 76,515 shares of the company's stock valued at $29,377,000 after buying an additional 2,758 shares in the last quarter. Consolidated Planning Corp increased its holdings in Dillard's by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after acquiring an additional 919 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Dillard's by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after acquiring an additional 25,212 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dillard's in the fourth quarter valued at about $7,270,000. Finally, Barclays PLC raised its position in shares of Dillard's by 9.0% during the 3rd quarter. Barclays PLC now owns 2,424 shares of the company's stock worth $930,000 after purchasing an additional 200 shares during the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DDS shares. StockNews.com upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Telsey Advisory Group restated a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th. Finally, UBS Group upped their price target on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research report on Friday, February 28th.

Dillard's Price Performance

Shares of DDS traded up $2.59 during midday trading on Friday, reaching $331.88. The stock had a trading volume of 15,198 shares, compared to its average volume of 139,414. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The firm's 50 day moving average price is $364.86 and its 200-day moving average price is $409.77. The company has a market capitalization of $5.28 billion, a P/E ratio of 8.56 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.84 by $3.64. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $15.44 EPS. On average, analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.30%. Dillard's's dividend payout ratio (DPR) is currently 2.71%.

Dillard's Company Profile

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.