Sei Investments Co. Has $3.39 Million Stock Holdings in Dillard's, Inc. $DDS

Key Points

• Sei Investments reduced its Dillard’s stake by 31.4% in the first quarter, selling 2,704 shares and retaining 5,920 shares valued at approximately $3.39 million. Institutional investors and hedge funds collectively own 67.15% of the company.
• Analyst sentiment is cautious: recent firms downgraded Dillard’s to “hold,” while UBS maintained a “sell” rating. The stock has an average “Reduce” rating and a consensus price target of $521.33.
• Dillard’s reported a strong quarter, with earnings of $16.04 per share and revenue of $1.59 billion, beating estimates and increasing revenue 2.7% year over year. The company also pays a quarterly dividend of $0.30 per share, equal to a 0.2% yield.

Sei Investments Co. trimmed its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 31.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,920 shares of the company's stock after selling 2,704 shares during the quarter. Sei Investments Co.'s holdings in Dillard's were worth $3,387,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Dillard's in the fourth quarter valued at $36,598,000. UBS Group AG increased its stake in shares of Dillard's by 27.7% during the 4th quarter. UBS Group AG now owns 67,895 shares of the company's stock worth $41,167,000 after purchasing an additional 14,718 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Dillard's during the 4th quarter worth about $1,423,000. Crossmark Global Holdings Inc. acquired a new position in shares of Dillard's during the 4th quarter worth about $2,466,000. Finally, Monument Capital Management raised its holdings in shares of Dillard's by 818.6% in the 4th quarter. Monument Capital Management now owns 4,198 shares of the company's stock valued at $2,545,000 after purchasing an additional 3,741 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

DDS has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Dillard's from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, June 23rd. UBS Group upped their price objective on Dillard's from $460.00 to $465.00 and gave the company a "sell" rating in a research note on Wednesday, May 6th. Zacks Research lowered Dillard's from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut Dillard's from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $521.33.

Insider Activity

In other news, Director J C. Watts, Jr. sold 400 shares of the business's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $609.18, for a total transaction of $243,672.00. Following the completion of the sale, the director owned 10,150 shares in the company, valued at $6,183,177. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 34.80% of the stock is currently owned by corporate insiders.

Dillard's Stock Performance

NYSE DDS opened at $613.55 on Friday. The firm has a 50-day moving average of $570.54 and a 200-day moving average of $588.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 2.37. The stock has a market cap of $9.58 billion, a PE ratio of 14.59 and a beta of 1.15. Dillard's, Inc. has a 52-week low of $456.69 and a 52-week high of $741.97.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, topping the consensus estimate of $10.13 by $5.91. Dillard's had a net margin of 10.09% and a return on equity of 31.43%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm posted $10.39 EPS. Dillard's's revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Dillard's, Inc. will post 35.26 EPS for the current year.

Dillard's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is 2.85%.

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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