Baird Financial Group Inc. Sells 2,863 Shares of Dillard's, Inc. $DDS

Key Points

• Baird Financial Group cut its Dillard’s stake by 86.7% in the second quarter, selling 2,863 shares and retaining 440 shares valued at approximately $233,000. Institutional investors and hedge funds collectively own 67.15% of the stock.
• Analyst sentiment is cautious: Dillard’s has a consensus rating of “Reduce”, with three Hold ratings and two Sell ratings, and a consensus price target of $545.67.
• Dillard’s reported quarterly earnings of $6.25 per share, well above the $4.29 estimate, on $1.53 billion in revenue. The company also declared a quarterly dividend of $0.30 per share, equivalent to a 0.2% yield.

Baird Financial Group Inc. cut its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 86.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440 shares of the company's stock after selling 2,863 shares during the period. Baird Financial Group Inc.'s holdings in Dillard's were worth $233,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Dillard's by 17.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company's stock valued at $67,000 after acquiring an additional 16 shares during the period. Virtu Financial LLC lifted its stake in Dillard's by 1.1% during the fourth quarter. Virtu Financial LLC now owns 1,618 shares of the company's stock worth $981,000 after purchasing an additional 17 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Dillard's by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company's stock valued at $29,000 after purchasing an additional 25 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Dillard's by 6.8% during the first quarter. Parallel Advisors LLC now owns 394 shares of the company's stock valued at $225,000 after purchasing an additional 25 shares in the last quarter. Finally, Fort Sheridan Advisors LLC grew its stake in shares of Dillard's by 0.6% in the 4th quarter. Fort Sheridan Advisors LLC now owns 4,220 shares of the company's stock valued at $2,559,000 after purchasing an additional 27 shares during the period. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on DDS shares. Zacks Research cut Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, September 12th. JPMorgan Chase & Co. increased their target price on shares of Dillard's from $496.00 to $519.00 and gave the stock an "underweight" rating in a research report on Monday, August 17th. Weiss Ratings downgraded shares of Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 8th. Finally, UBS Group boosted their price target on shares of Dillard's from $465.00 to $468.00 and gave the company a "sell" rating in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $545.67.

Dillard's Price Performance

DDS opened at $652.55 on Wednesday. Dillard's, Inc. has a one year low of $503.06 and a one year high of $741.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The company's 50 day simple moving average is $613.05 and its 200-day simple moving average is $586.99. The stock has a market capitalization of $10.19 billion, a P/E ratio of 14.95 and a beta of 1.15.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping the consensus estimate of $4.29 by $1.96. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.52 billion. Dillard's had a net margin of 10.48% and a return on equity of 31.88%. Sell-side analysts anticipate that Dillard's, Inc. will post 35.5 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is currently 2.75%.

Dillard's Company Profile

Dillard's, Inc is an American department-store retailer headquartered in Little Rock, Arkansas. The company operates department stores and clearance centers offering a broad selection of fashion apparel, accessories, cosmetics, footwear, home furnishings and other merchandise. Its stores generally feature products for women, men and children, along with home-related goods and services.

Dillard's also sells merchandise through its e-commerce platform, extending its retail business beyond its physical locations.

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