Canada Pension Plan Investment Board Sells 14,100 Shares of Dillard's, Inc. (NYSE:DDS)

Canada Pension Plan Investment Board lowered its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 87.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the company's stock after selling 14,100 shares during the quarter. Canada Pension Plan Investment Board's holdings in Dillard's were worth $863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DDS. Consolidated Planning Corp lifted its position in Dillard's by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after acquiring an additional 919 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Dillard's by 7.7% during the fourth 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 during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Dillard's in the 4th quarter worth approximately $7,270,000. Barclays PLC grew its stake in shares of Dillard's by 9.0% in the 3rd 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, Bank of New York Mellon Corp increased its position in Dillard's by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock valued at $33,266,000 after buying an additional 39,858 shares in the last quarter. Institutional investors own 67.15% of the company's stock.

Dillard's Stock Up 1.5 %

DDS traded up $5.06 during trading on Wednesday, hitting $348.21. 114,612 shares of the company's stock traded hands, compared to its average volume of 140,312. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 8.96 and a beta of 0.66. The company's 50 day simple moving average is $352.25 and its two-hundred day simple moving average is $409.19. Dillard's, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

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

Dillard's Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. Dillard's's dividend payout ratio is presently 2.71%.

Wall Street Analysts Forecast Growth

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

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.