Hsbc Holdings PLC Takes $439,000 Position in Dillard's, Inc. (NYSE:DDS)

Hsbc Holdings PLC purchased a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,012 shares of the company's stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Dillard's by 177.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after acquiring an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Dillard's in the 4th quarter valued at about $36,000. KBC Group NV grew its position in shares of Dillard's by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company's stock worth $93,000 after buying an additional 99 shares in the last quarter. US Bancorp DE increased its stake in shares of Dillard's by 102.3% during the fourth quarter. US Bancorp DE now owns 261 shares of the company's stock worth $113,000 after buying an additional 132 shares during the period. Finally, Covestor Ltd raised its holdings in Dillard's by 75.3% in the fourth quarter. Covestor Ltd now owns 284 shares of the company's stock valued at $122,000 after acquiring an additional 122 shares in the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard's Price Performance

Dillard's stock remained flat at $362.21 during mid-day trading on Friday. 89,560 shares of the company's stock traded hands, compared to its average volume of 140,337. 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, Inc. has a one year low of $282.24 and a one year high of $510.00. The business has a 50-day moving average of $344.09 and a two-hundred day moving average of $407.92. The stock has a market cap of $5.76 billion, a PE ratio of 9.32 and a beta of 0.96.

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

Dillard's Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. Dillard's's dividend payout ratio (DPR) is presently 2.71%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DDS shares. StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. UBS Group boosted their target price on shares of Dillard's from $200.00 to $202.00 and gave the stock a "sell" rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research note on Wednesday, February 26th.

Dillard's 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.