Renaissance Technologies LLC Lowers Holdings in Dillard's, Inc. (NYSE:DDS)

Renaissance Technologies LLC lowered its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,700 shares of the company's stock after selling 21,600 shares during the period. Renaissance Technologies LLC owned about 0.70% of Dillard's worth $48,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC increased its stake in shares of Dillard's by 200.0% in the third quarter. FMR LLC now owns 1,185 shares of the company's stock valued at $455,000 after buying an additional 790 shares during the period. Stifel Financial Corp increased its holdings in Dillard's by 10.1% in the 3rd quarter. Stifel Financial Corp now owns 5,105 shares of the company's stock worth $1,957,000 after acquiring an additional 467 shares during the last quarter. State Street Corp increased its position in shares of Dillard's by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company's stock valued at $29,377,000 after buying an additional 2,758 shares during the period. Barclays PLC boosted its holdings 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 purchasing an additional 200 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Dillard's by 3.3% during the third quarter. Tidal Investments LLC now owns 4,854 shares of the company's stock worth $1,862,000 after purchasing an additional 157 shares during the period. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard's Price Performance

NYSE:DDS traded up $0.44 during mid-day trading on Wednesday, reaching $316.58. 21,961 shares of the stock were exchanged, compared to its average volume of 138,968. The firm has a market capitalization of $5.04 billion, a PE ratio of 8.15 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average price of $388.84 and a 200 day moving average price of $412.50. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00.

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 the consensus estimate of $1.49 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. Dillard's's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $15.44 EPS. Research analysts expect 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. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, March 31st. Dillard's's payout ratio is currently 2.71%.

Analyst Ratings Changes

DDS has been the subject of several analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $450.00 price objective on shares of Dillard's in a research note on Wednesday, February 26th. StockNews.com cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, UBS Group lifted their price objective on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research note on Friday, February 28th.

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.