CANADA LIFE ASSURANCE Co Acquires 1,228 Shares of Dillard's, Inc. (NYSE:DDS)

CANADA LIFE ASSURANCE Co lifted its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 68.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,025 shares of the company's stock after acquiring an additional 1,228 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Dillard's were worth $1,303,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted 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 valued at $26,000 after acquiring an additional 39 shares during the period. Wells Fargo & Company MN lifted its holdings in Dillard's by 9.5% during 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 last quarter. Treasurer of the State of North Carolina boosted its position in Dillard's by 2.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 3,042 shares of the company's stock valued at $1,313,000 after buying an additional 72 shares in the last quarter. Horrell Capital Management Inc. boosted its position 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Dillard's during the fourth quarter worth about $36,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard's Price Performance

Shares of DDS stock traded up $11.13 during trading hours on Friday, reaching $362.97. 116,736 shares of the company were exchanged, compared to its average volume of 140,833. 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 current ratio of 2.38 and a quick ratio of 1.02. The stock's fifty day moving average is $347.81 and its two-hundred day moving average is $409.37. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 9.34 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last posted 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 for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $15.44 EPS. Sell-side 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 disclosed 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 is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard's's payout ratio is 2.71%.

Analyst Ratings Changes

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

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.