Gotham Asset Management LLC Purchases 18,221 Shares of Dillard's, Inc. (NYSE:DDS)

Gotham Asset Management LLC grew its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 218.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,569 shares of the company's stock after buying an additional 18,221 shares during the period. Gotham Asset Management LLC owned approximately 0.17% of Dillard's worth $11,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clientfirst Wealth Management LLC bought a new stake in shares of Dillard's during the 4th quarter worth approximately $48,873,000. Bank of New York Mellon Corp raised its position in Dillard's by 107.2% during the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock valued at $33,266,000 after purchasing an additional 39,858 shares in the last quarter. First Trust Advisors LP lifted its stake in Dillard's by 47.0% during the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock worth $35,307,000 after purchasing an additional 26,132 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Dillard's by 7.7% in the 4th 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 in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Dillard's by 10.5% in the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock valued at $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DDS shares. Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research report on Wednesday, February 26th. UBS Group increased their price target on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research note on Friday, February 28th. Finally, StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th.

Dillard's Stock Up 6.1%

DDS traded up $23.80 during midday trading on Thursday, hitting $410.80. The company had a trading volume of 171,723 shares, compared to its average volume of 140,895. The stock's 50 day moving average price is $345.72 and its 200 day moving average price is $408.19. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 10.57 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.10 by $1.29. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. During the same period last year, the company earned $11.10 earnings per share. On average, research 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 declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.24%. 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.