Dillard's, Inc. (NYSE:DDS) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 341.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,591 shares of the company's stock after buying an additional 8,965 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.07% of Dillard's worth $5,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Dillard's by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Dillard's by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock valued at $338,000 after purchasing an additional 68 shares during the period. Treasurer of the State of North Carolina increased its position in Dillard's by 2.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 3,042 shares of the company's stock worth $1,313,000 after buying an additional 72 shares during the period. Horrell Capital Management Inc. lifted its stake in Dillard's by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the company's stock valued at $11,509,000 after buying an additional 76 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Dillard's in the fourth quarter valued at approximately $36,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on DDS shares. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. UBS Group upped their target price on shares of Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a 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 report on Wednesday, February 26th.

Dillard's Stock Performance

Shares of NYSE DDS traded up $7.36 during mid-day trading on Friday, hitting $336.65. 88,500 shares of the company were exchanged, compared to its average volume of 139,945. The stock has a 50 day simple moving average of $361.51 and a 200-day simple moving average of $409.57. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 8.67 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings results 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. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the prior year, the company posted $15.44 earnings per share. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, March 31st. 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.