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

CANADA LIFE ASSURANCE Co lifted its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 68.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,025 shares of the company's stock after purchasing an additional 1,228 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Dillard's were worth $1,303,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DDS. PNC Financial Services Group Inc. grew its holdings in shares of Dillard's by 177.3% in 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. Aster Capital Management DIFC Ltd bought a new position in shares of Dillard's during the fourth quarter valued at approximately $36,000. KBC Group NV increased its holdings in Dillard's by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after buying an additional 99 shares during the period. US Bancorp DE raised its stake in Dillard's by 102.3% in the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock worth $113,000 after buying an additional 132 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Dillard's by 75.3% during the fourth quarter. Covestor Ltd now owns 284 shares of the company's stock worth $122,000 after buying an additional 122 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DDS. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday. UBS Group increased their price target on shares of 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 restated a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th.

Dillard's Stock Up 1.3 %

NYSE:DDS opened at $340.18 on Tuesday. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $510.00. The stock has a market capitalization of $5.41 billion, a P/E ratio of 8.76 and a beta of 0.66. 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 company's 50-day simple moving average is $358.14 and its 200-day simple moving average is $410.07.

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

Dillard's Cuts Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, March 31st. Dillard's's payout ratio 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.

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