Dillard's, Inc. (NYSE:DDS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,384 shares of the company's stock after selling 12,832 shares during the quarter. Geode Capital Management LLC owned about 0.31% of Dillard's worth $21,328,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its position in Dillard's by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company's stock worth $29,377,000 after buying an additional 2,758 shares during the period. Consolidated Planning Corp grew its holdings in Dillard's by 154.5% in the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after purchasing an additional 919 shares during the period. Pacer Advisors Inc. increased its position in Dillard's by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock worth $151,975,000 after purchasing an additional 25,212 shares during the last quarter. Stifel Financial Corp raised its stake in Dillard's by 10.1% during the third quarter. Stifel Financial Corp now owns 5,105 shares of the company's stock worth $1,957,000 after purchasing an additional 467 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Dillard's in the 4th quarter valued at $7,270,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Analysts Set New Price Targets

DDS has been the topic of several research reports. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. UBS Group raised their price objective on Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a report on Friday, February 28th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a report on Wednesday, February 26th.

Dillard's Stock Up 1.0 %

Dillard's stock traded up $3.23 during trading on Thursday, reaching $325.67. 17,322 shares of the company's stock were exchanged, compared to its average volume of 139,408. Dillard's, Inc. has a 52-week low of $282.24 and a 52-week high of $510.00. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 8.38 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The company's 50-day moving average is $368.15 and its two-hundred day moving average is $410.05.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping the consensus estimate of $9.84 by $3.64. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The company's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $15.44 earnings per share. On average, analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The company 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 dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.31%. Dillard's's dividend 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.