Vident Advisory LLC Sells 876 Shares of Dillard's, Inc. (NYSE:DDS)

Vident Advisory LLC lowered its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,104 shares of the company's stock after selling 876 shares during the period. Vident Advisory LLC's holdings in Dillard's were worth $1,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steel Grove Capital Advisors LLC boosted its stake in Dillard's by 0.7% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 4,314 shares of the company's stock valued at $1,863,000 after acquiring an additional 29 shares during the last quarter. Stifel Financial Corp grew its position in shares of Dillard's by 0.6% during the 4th quarter. Stifel Financial Corp now owns 5,136 shares of the company's stock worth $2,216,000 after purchasing an additional 31 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after acquiring an additional 39 shares during the period. Wells Fargo & Company MN boosted its position in Dillard's by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock valued at $338,000 after buying an additional 68 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Dillard's by 2.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 3,042 shares of the company's stock worth $1,313,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Stock Performance

Shares of DDS traded down $2.91 during trading hours on Wednesday, hitting $415.49. The stock had a trading volume of 32,885 shares, compared to its average volume of 142,212. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $510.00. The firm has a market capitalization of $6.61 billion, a PE ratio of 10.71 and a beta of 0.96. The stock has a fifty day moving average price of $354.29 and a 200 day moving average price of $410.03.

Dillard's (NYSE:DDS - Get Free Report) last posted its earnings results 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $11.10 earnings per share. Analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.24%. Dillard's's payout ratio is currently 2.76%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DDS. UBS Group boosted 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. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research report on Friday, May 16th.

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.