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

AQR Capital Management LLC lowered its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,134 shares of the company's stock after selling 16,656 shares during the period. AQR Capital Management LLC owned about 0.52% of Dillard's worth $35,461,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in 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 acquiring an additional 200 shares during the last quarter. Tidal Investments LLC grew 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 valued at $1,862,000 after buying an additional 157 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Dillard's by 7.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 13,662 shares of the company's stock worth $6,243,000 after purchasing an additional 950 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Dillard's during the fourth quarter valued at $462,000. Finally, Blue Trust Inc. increased its holdings in Dillard's by 20.7% in the 4th quarter. Blue Trust Inc. now owns 518 shares of the company's stock worth $224,000 after buying an additional 89 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Dillard's Trading Up 3.8 %

Shares of DDS traded up $13.33 during trading hours on Thursday, reaching $366.54. 21,546 shares of the company traded hands, compared to its average volume of 139,928. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 9.42 and a beta of 0.96. Dillard's, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00. The stock's fifty day moving average price is $344.32 and its 200 day moving average price is $408.28. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data 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. 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 last year, the company earned $15.44 earnings per share. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Sell-side analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Monday, March 31st. Dillard's's payout ratio is currently 2.71%.

Analysts Set New Price Targets

DDS has been the topic of several research reports. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. UBS Group upped their price objective on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research report on Wednesday, February 26th.

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.