JPMorgan Chase & Co. Purchases 2,801 Shares of Dillard's, Inc. (NYSE:DDS)

JPMorgan Chase & Co. grew its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,256 shares of the company's stock after buying an additional 2,801 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of Dillard's worth $4,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Dillard's by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after buying an additional 39 shares during the period. Horrell Capital Management Inc. lifted its stake in shares of Dillard's by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the company's stock valued at $11,509,000 after purchasing an additional 76 shares during the period. Blue Trust Inc. lifted its stake in shares of Dillard's by 20.7% in the 4th quarter. Blue Trust Inc. now owns 518 shares of the company's stock valued at $224,000 after purchasing an additional 89 shares during the period. KBC Group NV lifted its stake in shares of Dillard's by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after purchasing an additional 99 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Dillard's by 102.3% in the 4th quarter. US Bancorp DE now owns 261 shares of the company's stock valued at $113,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Stock Performance

DDS traded up $2.83 during midday trading on Thursday, hitting $325.27. 14,359 shares of the company traded hands, compared to its average volume of 139,394. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.17 billion, a PE ratio of 8.37 and a beta of 0.66. The company's 50-day moving average is $368.15 and its 200 day moving average is $410.05. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00.

Dillard's (NYSE:DDS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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. On average, research analysts expect that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Cuts Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Monday, March 31st. Dillard's's dividend payout ratio (DPR) is presently 2.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DDS shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research report on Wednesday, February 26th. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Finally, UBS Group raised their price objective on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research report on Friday, February 28th.

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.