Raymond James Financial Inc. Purchases New Shares in Dillard's, Inc. (NYSE:DDS)

Raymond James Financial Inc. acquired a new stake in Dillard's, Inc. (NYSE:DDS - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,288 shares of the company's stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Martingale Asset Management L P raised its stake in shares of Dillard's by 42.2% during the 4th quarter. Martingale Asset Management L P now owns 6,771 shares of the company's stock valued at $2,923,000 after purchasing an additional 2,009 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Dillard's in the fourth quarter valued at approximately $36,000. Dynamic Technology Lab Private Ltd purchased a new position in Dillard's during the fourth quarter valued at approximately $419,000. Wells Fargo & Company MN increased its holdings in Dillard's by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after acquiring an additional 68 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new stake in Dillard's in the 4th quarter worth approximately $2,244,000. Institutional investors own 67.15% of the company's stock.

Dillard's Price Performance

NYSE DDS remained flat at $362.21 during trading hours on Friday. The company's stock had a trading volume of 89,560 shares, compared to its average volume of 140,612. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm has a 50-day moving average price of $344.09 and a 200 day moving average price of $408.13. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00. The firm has a market cap of $5.76 billion, a P/E ratio of 9.32 and a beta of 0.96.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.84 by $3.64. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates 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 for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $15.44 earnings per share. On average, sell-side analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.28%. Dillard's's payout ratio is 2.71%.

Wall Street Analyst Weigh In

DDS has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a report on Wednesday, February 26th. UBS Group lifted their price target on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research report on Friday, February 28th. Finally, StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th.

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.