AQR Capital Management LLC Lowers Holdings in Dillard's, Inc. $DDS

AQR Capital Management LLC trimmed its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,282 shares of the company's stock after selling 2,852 shares during the period. AQR Capital Management LLC owned 0.50% of Dillard's worth $28,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Dillard's by 62.3% in the first quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock worth $35,000 after acquiring an additional 38 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in Dillard's by 2,980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Dillard's by 986.7% during the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock valued at $59,000 after purchasing an additional 148 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Dillard's during the 4th quarter valued at $70,000. Finally, Versant Capital Management Inc boosted its stake in Dillard's by 7,566.7% during the 1st quarter. Versant Capital Management Inc now owns 230 shares of the company's stock valued at $82,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Stock Performance

Shares of Dillard's stock traded down $10.22 on Friday, hitting $575.74. 57,130 shares of the company's stock were exchanged, compared to its average volume of 142,920. The company has a 50-day simple moving average of $497.90 and a 200-day simple moving average of $416.97. The stock has a market capitalization of $9.00 billion, a PE ratio of 15.90 and a beta of 0.99. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $586.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 2.68.

Dillard's (NYSE:DDS - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.87. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $11.09 earnings per share. Dillard's's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. This is an increase from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Dillard's's payout ratio is presently 3.31%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group increased their price objective on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research report on Friday, August 15th. Telsey Advisory Group raised their price target on shares of Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Dillard's presently has an average rating of "Sell" and a consensus target price of $394.33.

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.