Tidal Investments LLC Cuts Position in Dillard's, Inc. (NYSE:DDS)

Tidal Investments LLC lowered its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,667 shares of the company's stock after selling 1,187 shares during the quarter. Tidal Investments LLC's holdings in Dillard's were worth $1,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in Dillard's by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after buying an additional 25,212 shares during the last quarter. Allianz Asset Management GmbH increased its position in Dillard's by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock valued at $91,339,000 after purchasing an additional 20,155 shares during the period. Beacon Pointe Advisors LLC increased its position in Dillard's by 0.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock valued at $65,951,000 after purchasing an additional 480 shares during the period. Clientfirst Wealth Management LLC acquired a new stake in Dillard's during the 4th quarter valued at approximately $48,873,000. Finally, First Trust Advisors LP increased its position in Dillard's by 47.0% during the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after purchasing an additional 26,132 shares during the period. Institutional investors own 67.15% of the company's stock.

Dillard's Price Performance

Shares of NYSE DDS traded down $9.00 during midday trading on Thursday, hitting $401.38. 18,235 shares of the company's stock were exchanged, compared to its average volume of 142,388. Dillard's, Inc. has a 12-month low of $282.24 and a 12-month high of $510.00. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 10.34 and a beta of 0.96. The business's fifty day moving average price is $355.40 and its two-hundred day moving average price is $410.02.

Dillard's (NYSE:DDS - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, topping analysts' consensus estimates of $9.10 by $1.29. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $11.10 EPS. As a group, research analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. Dillard's's dividend payout ratio is currently 2.76%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research report on Friday, May 16th. Finally, UBS Group raised their price objective on Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research note on Friday, May 16th.

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.