Dillard's, Inc. (NYSE:DDS) Stock Position Cut by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,471 shares of the company's stock after selling 9,198 shares during the period. Voloridge Investment Management LLC owned about 0.37% of Dillard's worth $25,244,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Clientfirst Wealth Management LLC bought a new position in Dillard's during the fourth quarter worth $48,873,000. Bank of New York Mellon Corp lifted its position in shares of Dillard's by 107.2% in the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock worth $33,266,000 after buying an additional 39,858 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Dillard's by 3,989.8% in the 4th quarter. Millennium Management LLC now owns 37,790 shares of the company's stock valued at $16,315,000 after buying an additional 36,866 shares during the period. First Trust Advisors LP boosted its holdings in shares of Dillard's by 47.0% in the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock valued at $35,307,000 after buying an additional 26,132 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Dillard's by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after buying an additional 25,212 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DDS shares. UBS Group lifted their target price on Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Telsey Advisory Group restated a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a research note on Friday, May 16th.

Dillard's Stock Performance

NYSE:DDS traded up $11.46 during mid-day trading on Tuesday, hitting $419.54. The stock had a trading volume of 26,013 shares, compared to its average volume of 142,342. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $353.16 and a 200-day simple moving average of $409.98. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 10.79 and a beta of 0.96. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00.

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, beating 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 analysts' expectations of $1.53 billion. During the same quarter in the previous year, the company posted $11.10 earnings per share. On average, research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

The firm also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date is Monday, June 30th. Dillard's's payout ratio is currently 2.76%.

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.