Nisa Investment Advisors LLC Raises Holdings in Dillard's, Inc. $DDS

Key Points

• Nisa Investment Advisors increased its stake in Dillard's by 16.9% to 17,794 shares (about $11.29M); institutional investors now own roughly 67.15% of the company, with several large funds (Wedge Capital, Balyasny, Man Group, Goldman Sachs, Norges Bank) also adding or opening positions.
• Analyst sentiment has turned cautious — the consensus rating is "Reduce" with an average target of $519.67, and multiple firms (including JPMorgan, Wall Street Zen, Telsey, and Zacks) have cut ratings or price targets.
• Dillard's beat quarterly EPS estimates ($13.05 vs. $9.98) while revenue fell 3% to $1.99B; the stock trades around $576.49 with a P/E of ~15.8 and a quarterly dividend of $0.30 (annualized yield ~0.2%).

Nisa Investment Advisors LLC increased its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,794 shares of the company's stock after buying an additional 2,575 shares during the period. Nisa Investment Advisors LLC owned about 0.11% of Dillard's worth $11,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its position in shares of Dillard's by 756.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company's stock worth $43,554,000 after acquiring an additional 62,608 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Dillard's during the 3rd quarter worth $31,813,000. Man Group plc boosted its position in Dillard's by 464.3% during the third quarter. Man Group plc now owns 38,806 shares of the company's stock valued at $23,846,000 after purchasing an additional 31,929 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Dillard's by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock valued at $23,687,000 after purchasing an additional 28,468 shares during the last quarter. Finally, Norges Bank purchased a new position in Dillard's in the second quarter valued at about $10,238,000. Hedge funds and other institutional investors own 67.15% of the company's stock.

Wall Street Analysts Forecast Growth

DDS has been the subject of several analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Dillard's in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Dillard's from $524.00 to $449.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Telsey Advisory Group decreased their target price on shares of Dillard's from $700.00 to $650.00 and set a "market perform" rating for the company in a research report on Wednesday, February 25th. Finally, Zacks Research downgraded shares of Dillard's from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 23rd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $519.67.

Dillard's Stock Performance

Shares of NYSE DDS opened at $576.49 on Thursday. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $741.97. The company has a 50 day simple moving average of $612.00 and a two-hundred day simple moving average of $625.22. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 15.83 and a beta of 1.27.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, topping analysts' consensus estimates of $9.98 by $3.07. Dillard's had a net margin of 8.81% and a return on equity of 27.55%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $13.48 earnings per share. The business's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Dillard's's dividend payout ratio (DPR) is currently 3.30%.

About Dillard's

Dillard's, Inc NYSE: DDS, headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard's equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men's and women's apparel, accessories, cosmetics, footwear, and home furnishings.

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