Dillard's, Inc. (NYSE:DDS) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. lessened its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,512 shares of the company's stock after selling 5,122 shares during the quarter. Pinebridge Investments L.P.'s holdings in Dillard's were worth $3,243,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Steel Grove Capital Advisors LLC boosted its holdings in shares of Dillard's by 0.7% during the 4th 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. Hsbc Holdings PLC purchased a new position in shares of Dillard's during the 4th quarter worth $439,000. 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 valued at $2,216,000 after acquiring an additional 31 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Dillard's by 341.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,591 shares of the company's stock worth $5,004,000 after purchasing an additional 8,965 shares in the last quarter. Finally, First Trust Advisors LP increased its stake 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 worth $35,307,000 after purchasing an additional 26,132 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DDS. StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a report on Tuesday. Telsey Advisory Group reissued a "market perform" rating and set a $450.00 price objective on shares of Dillard's in a report on Wednesday, February 26th. Finally, UBS Group increased their price objective on shares of Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a report on Friday, February 28th.

Dillard's Trading Up 1.6 %

Shares of NYSE:DDS traded up $5.39 during trading on Thursday, reaching $352.05. The company's stock had a trading volume of 31,573 shares, compared to its average volume of 139,887. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard's, Inc. has a 12 month low of $282.24 and a 12 month high of $510.00. The firm's 50 day simple moving average is $352.25 and its two-hundred day simple moving average is $409.19. The stock has a market capitalization of $5.60 billion, a PE ratio of 9.06 and a beta of 0.66.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $15.44 EPS. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. On average, research analysts predict that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date 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.