Dillard's, Inc. $DDS Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its stake in Dillard's, Inc. by 40.6%, owning 2,313 shares worth $828,000 after selling 1,578 shares in the first quarter.
• Dillard's recently announced a quarterly dividend increase to $0.30 per share, up from $0.25, with a payment scheduled for November 3rd.
• The company reported earnings per share (EPS) of $4.66 for the quarter, exceeding analyst expectations of $3.79, and revenue of $1.51 billion.

Trexquant Investment LP lowered its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 40.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,313 shares of the company's stock after selling 1,578 shares during the period. Trexquant Investment LP's holdings in Dillard's were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DDS. Price T Rowe Associates Inc. MD boosted its position in Dillard's by 8.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,084 shares of the company's stock valued at $900,000 after buying an additional 166 shares during the last quarter. Northern Trust Corp boosted its position in Dillard's by 36.1% in the fourth quarter. Northern Trust Corp now owns 25,217 shares of the company's stock valued at $10,887,000 after buying an additional 6,683 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Dillard's by 44.4% in the fourth quarter. BNP Paribas Financial Markets now owns 10,002 shares of the company's stock valued at $4,318,000 after acquiring an additional 3,074 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Dillard's by 97.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 11,999 shares of the company's stock valued at $5,180,000 after acquiring an additional 5,919 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Dillard's by 275.4% in the fourth quarter. Deutsche Bank AG now owns 976 shares of the company's stock valued at $421,000 after acquiring an additional 716 shares during the period. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Price Performance

Shares of DDS stock traded down $10.84 during trading hours on Friday, hitting $575.12. 112,512 shares of the company's stock were exchanged, compared to its average volume of 139,873. The company has a quick ratio of 1.13, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $8.99 billion, a P/E ratio of 15.86 and a beta of 0.99. The firm has a 50 day moving average of $500.28 and a two-hundred day moving average of $417.78. Dillard's, Inc. has a fifty-two week low of $282.24 and a fifty-two week high of $586.10.

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

Dillard's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Dillard's's previous quarterly dividend of $0.25. Dillard's's dividend payout ratio is currently 2.76%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a report on Friday, August 15th. JPMorgan Chase & Co. boosted their price target on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a report on Monday, July 28th. Telsey Advisory Group boosted their price target on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a report on Friday, August 15th. Finally, Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Dillard's has a consensus 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.