Brevan Howard Capital Management LP Purchases New Position in Dillard's, Inc. (NYSE:DDS)

Brevan Howard Capital Management LP acquired a new position in Dillard's, Inc. (NYSE:DDS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,343 shares of the company's stock, valued at approximately $1,012,000.

A number of other hedge funds also recently bought and sold shares of DDS. Balyasny Asset Management L.P. increased its holdings in shares of Dillard's by 97.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 11,999 shares of the company's stock valued at $5,180,000 after acquiring an additional 5,919 shares during the period. BNP Paribas Financial Markets boosted its position in Dillard's by 44.4% during the fourth quarter. BNP Paribas Financial Markets now owns 10,002 shares of the company's stock valued at $4,318,000 after purchasing an additional 3,074 shares in the last quarter. AXA S.A. grew its stake in Dillard's by 3.0% in the fourth quarter. AXA S.A. now owns 5,285 shares of the company's stock valued at $2,282,000 after purchasing an additional 152 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Dillard's in the fourth quarter worth about $108,000. Finally, Northern Trust Corp lifted its position in shares of Dillard's by 36.1% during the fourth quarter. Northern Trust Corp now owns 25,217 shares of the company's stock valued at $10,887,000 after buying an additional 6,683 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Wall Street Analysts Forecast Growth

DDS has been the subject of several analyst reports. StockNews.com upgraded Dillard's from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. UBS Group boosted their price target on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Wednesday, February 26th.

Dillard's Stock Performance

DDS stock traded down $1.86 during midday trading on Tuesday, reaching $393.87. The stock had a trading volume of 32,644 shares, compared to its average volume of 140,252. The firm has a fifty day simple moving average of $344.73 and a two-hundred day simple moving average of $408.43. 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 quick ratio of 1.02 and a current ratio of 2.38. The stock has a market cap of $6.26 billion, a PE ratio of 10.14 and a beta of 0.96.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, beating analysts' consensus estimates of $9.84 by $3.64. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $15.44 earnings per share. Dillard's's revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Cuts Dividend

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

About Dillard's

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.