Dillard's, Inc. (NYSE:DDS) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. cut its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,078 shares of the company's stock after selling 10,176 shares during the period. Alyeska Investment Group L.P. owned approximately 1.67% of Dillard's worth $114,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of 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 acquiring an additional 39 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Dillard's in the 4th quarter valued at about $36,000. KBC Group NV increased its holdings in shares of Dillard's by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after buying an additional 99 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Dillard's during the 4th quarter valued at approximately $108,000. Finally, US Bancorp DE lifted its holdings in Dillard's by 102.3% in the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock valued at $113,000 after acquiring an additional 132 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 research analysts have commented on DDS shares. StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. UBS Group increased their price objective on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research report on Friday, February 28th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $450.00 target price on shares of Dillard's in a report on Wednesday, February 26th.

Dillard's Trading Down 2.6 %

Dillard's stock traded down $9.06 during midday trading on Tuesday, reaching $344.55. 129,349 shares of the stock traded hands, compared to its average volume of 140,524. The firm has a market cap of $5.48 billion, a PE ratio of 8.87 and a beta of 0.96. 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 company has a 50-day simple moving average of $346.15 and a two-hundred day simple moving average of $409.11. Dillard's, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.84 by $3.64. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the prior year, the company earned $15.44 earnings per share. The business's quarterly revenue was down 5.0% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, March 31st. Dillard's's dividend payout ratio is currently 2.71%.

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.