AQR Capital Management LLC Reduces Position in Dillard's, Inc. (NYSE:DDS)

AQR Capital Management LLC lowered its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,134 shares of the company's stock after selling 16,656 shares during the quarter. AQR Capital Management LLC owned approximately 0.52% of Dillard's worth $35,461,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings 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 valued at $26,000 after acquiring an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Dillard's during the fourth quarter worth $36,000. KBC Group NV grew its holdings in Dillard's by 85.3% in the fourth quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after purchasing an additional 99 shares during the period. US Bancorp DE grew its holdings in Dillard's by 102.3% during the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock worth $113,000 after buying an additional 132 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Dillard's by 75.3% during the fourth quarter. Covestor Ltd now owns 284 shares of the company's stock valued at $122,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Up 1.9 %

NYSE:DDS traded up $6.74 during mid-day trading on Wednesday, reaching $352.64. The company's stock had a trading volume of 141,010 shares, compared to its average volume of 140,548. The stock has a fifty day moving average of $345.06 and a 200-day moving average of $408.66. 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 $5.61 billion, a PE ratio of 9.08 and a beta of 0.96. 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 issued its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business posted $15.44 earnings per share. Dillard's's revenue for the quarter was down 5.0% on a year-over-year basis. Equities research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Monday, March 31st. Dillard's's payout ratio is currently 2.71%.

Wall Street Analyst Weigh In

DDS has been the topic of several research analyst reports. 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 report on Friday, February 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research note on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th.

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.