Balyasny Asset Management L.P. Purchases 5,919 Shares of Dillard's, Inc. (NYSE:DDS)

Balyasny Asset Management L.P. lifted its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 97.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,999 shares of the company's stock after buying an additional 5,919 shares during the period. Balyasny Asset Management L.P. owned approximately 0.08% of Dillard's worth $5,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DDS. Consolidated Planning Corp increased its holdings in shares of Dillard's by 154.5% during the fourth 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 stake 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 purchasing an additional 25,212 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Dillard's during the 4th quarter valued at approximately $7,270,000. Barclays PLC raised its holdings in shares of Dillard's by 9.0% in the third quarter. Barclays PLC now owns 2,424 shares of the company's stock worth $930,000 after buying an additional 200 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Dillard's by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DDS shares. StockNews.com upgraded Dillard's from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. UBS Group upped their target price on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research report on Friday, February 28th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research report on Wednesday, February 26th.

Dillard's Price Performance

Shares of DDS opened at $362.21 on Friday. The business's 50-day moving average is $344.09 and its two-hundred day moving average is $408.13. The company has a market capitalization of $5.76 billion, a P/E ratio of 9.32 and a beta of 0.96. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $510.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

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

Dillard's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.28%. Dillard's's dividend payout ratio is presently 2.71%.

Dillard's 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.

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