Lazard Asset Management LLC Purchases 873 Shares of Dillard's, Inc. (NYSE:DDS)

Lazard Asset Management LLC increased its position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,903 shares of the company's stock after acquiring an additional 873 shares during the quarter. Lazard Asset Management LLC's holdings in Dillard's were worth $1,253,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Dillard's by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after acquiring an additional 39 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Dillard's during the fourth quarter valued at $36,000. KBC Group NV lifted its stake in shares of Dillard's by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after acquiring an additional 99 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Dillard's during the fourth quarter valued at $108,000. Finally, US Bancorp DE lifted its stake in shares of Dillard's by 102.3% during the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock valued at $113,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Down 3.7%

Shares of Dillard's stock opened at $404.49 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $510.00. The business has a fifty day simple moving average of $348.33 and a 200 day simple moving average of $409.38. The stock has a market cap of $6.43 billion, a PE ratio of 10.41 and a beta of 0.96.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $10.39 EPS 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 business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the firm earned $11.10 earnings per share. Research analysts predict that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. Dillard's's payout ratio is 2.76%.

Analyst Upgrades and Downgrades

DDS has been the topic of several research reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research note on Friday. UBS Group lifted their price objective on Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research note on Friday. Finally, StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th.

About Dillard's

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.

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