Pacer Advisors Inc. Trims Holdings in Dillard's, Inc. (NYSE:DDS)

Key Points

• Pacer Advisors Inc. reduced its stake in Dillard's, Inc. by 89.2% in Q1, selling 314,143 shares and now holds only 37,863 shares valued at approximately $13.56 million.
• Dillard's reported a quarterly EPS of $10.39, exceeding estimates by $1.29, and had revenue of around $1.54 billion during the same period.
• The company announced a quarterly dividend of $0.25 per share, set to be paid on August 4th, which equates to an annual yield of 0.20%.

Pacer Advisors Inc. lowered its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 89.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,863 shares of the company's stock after selling 314,143 shares during the quarter. Pacer Advisors Inc. owned about 0.24% of Dillard's worth $13,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Dillard's during the 4th quarter valued at about $36,000. Whipplewood Advisors LLC increased its stake in shares of Dillard's by 2,980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after acquiring an additional 149 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Dillard's during the 4th quarter valued at about $70,000. Farther Finance Advisors LLC grew its holdings in shares of Dillard's by 986.7% during the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock worth $59,000 after purchasing an additional 148 shares during the period. Finally, Versant Capital Management Inc increased its position in Dillard's by 7,566.7% during the 1st quarter. Versant Capital Management Inc now owns 230 shares of the company's stock worth $82,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Wall Street Analysts Forecast Growth

DDS has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research report on Friday, May 16th. JPMorgan Chase & Co. increased their target price on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a research report on Monday. UBS Group increased their target price on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Dillard's Stock Down 1.1%

NYSE DDS traded down $5.54 on Wednesday, reaching $477.89. The company had a trading volume of 21,838 shares, compared to its average volume of 143,316. The firm has a market capitalization of $7.47 billion, a PE ratio of 13.27 and a beta of 0.99. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $514.39. The firm has a 50-day moving average of $428.67 and a 200-day moving average of $407.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13.

Dillard's (NYSE:DDS - Get Free Report) last released its quarterly 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. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Dillard's had a return on equity of 30.52% and a net margin of 8.93%. During the same quarter in the prior year, the business earned $11.10 EPS. On average, equities research analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Announces Dividend

The firm 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Monday, June 30th. Dillard's's dividend payout ratio (DPR) is currently 2.76%.

Dillard's Company 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.