First Trust Advisors LP Has $35.31 Million Stock Holdings in Dillard's, Inc. (NYSE:DDS)

First Trust Advisors LP boosted its holdings in Dillard's, Inc. (NYSE:DDS - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,779 shares of the company's stock after acquiring an additional 26,132 shares during the quarter. First Trust Advisors LP owned 0.51% of Dillard's worth $35,307,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of Dillard's by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company's stock valued at $151,975,000 after purchasing an additional 25,212 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Dillard's by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company's stock worth $91,339,000 after buying an additional 20,155 shares in the last quarter. Clientfirst Wealth Management LLC bought a new stake in shares of Dillard's during the 4th quarter worth about $48,873,000. Bank of New York Mellon Corp lifted its stake 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 acquiring an additional 39,858 shares during the period. Finally, Horrell Capital Management Inc. boosted its holdings in shares of Dillard's by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the company's stock valued at $11,509,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 67.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DDS. Telsey Advisory Group restated a "market perform" rating and issued a $450.00 target price on shares of Dillard's in a research report on Wednesday, February 26th. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, UBS Group boosted their price target on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research report on Friday, February 28th.

Dillard's Price Performance

Shares of NYSE DDS traded up $5.06 during trading on Wednesday, hitting $348.21. The company had a trading volume of 114,612 shares, compared to its average volume of 140,312. Dillard's, Inc. has a 52 week low of $282.24 and a 52 week high of $510.00. The business's 50-day moving average is $352.25 and its 200 day moving average is $409.19. The company has a market cap of $5.54 billion, a P/E ratio of 8.96 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, beating the consensus estimate of $9.84 by $3.64. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. Dillard's's revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $15.44 earnings per share. Equities research analysts predict that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Monday, March 31st. Dillard's's dividend payout ratio (DPR) is currently 2.71%.

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.