New York State Common Retirement Fund Has $804,000 Stake in Dillard’s, Inc. (NYSE:DDS)

New York State Common Retirement Fund raised its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,862 shares of the company’s stock after purchasing an additional 233 shares during the quarter. New York State Common Retirement Fund’s holdings in Dillard’s were worth $804,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its position in Dillard’s by 11.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock worth $175,000 after buying an additional 45 shares in the last quarter. US Bancorp DE lifted its position in shares of Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after acquiring an additional 49 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Dillard’s during the 3rd quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of Dillard’s by 20.7% during the fourth quarter. Blue Trust Inc. now owns 518 shares of the company’s stock valued at $224,000 after purchasing an additional 89 shares during the period. Finally, KBC Group NV increased 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 valued at $93,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Telsey Advisory Group reiterated a “market perform” rating and issued a $450.00 price objective on shares of Dillard’s in a research note on Wednesday, February 26th. Finally, UBS Group increased their target price on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a report on Friday.

Insider Buying and Selling

In related news, VP Tom W. Bolin sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the transaction, the vice president now owns 1,167 shares in the company, valued at $505,836.15. The trade was a 20.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 33.80% of the stock is owned by corporate insiders.

Dillard’s Stock Down 5.6 %

DDS opened at $367.26 on Tuesday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 9.45 and a beta of 0.88. 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’s 50-day simple moving average is $461.65 and its 200-day simple moving average is $414.86. Dillard’s, Inc. has a twelve month low of $328.00 and a twelve month high of $510.00.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned $15.44 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate 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 will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. Dillard’s’s dividend payout ratio is 2.71%.

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.