Victory Capital Management Inc. Sells 11,216 Shares of Dillard’s, Inc. (NYSE:DDS)

Victory Capital Management Inc. cut its position in Dillard’s, Inc. (NYSE:DDS) by 61.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,033 shares of the company’s stock after selling 11,216 shares during the quarter. Victory Capital Management Inc.’s holdings in Dillard’s were worth $3,036,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DDS. US Bancorp DE boosted its stake in Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after purchasing an additional 49 shares during the period. KBC Group NV raised its holdings in Dillard’s by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after acquiring an additional 99 shares in the last quarter. Grove Street Fiduciary LLC acquired a new position in Dillard’s in the 4th quarter valued at $222,000. Blue Trust Inc. raised its holdings in Dillard’s by 20.7% in the 4th quarter. Blue Trust Inc. now owns 518 shares of the company’s stock valued at $224,000 after acquiring an additional 89 shares in the last quarter. Finally, Knuff & Co LLC acquired a new position in Dillard’s in the 3rd quarter valued at $384,000. 67.15% of the stock is currently owned by institutional investors.

Insider Transactions at Dillard’s

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was 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 of the company’s stock, valued at $505,836.15. This represents a 20.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 33.80% of the stock is owned by insiders.

Dillard’s Price Performance

Dillard’s stock opened at $357.07 on Monday. 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 52 week low of $328.00 and a 52 week high of $510.00. The stock has a market capitalization of $5.68 billion, a P/E ratio of 9.19 and a beta of 0.89. The stock has a fifty day moving average of $446.79 and a 200-day moving average of $415.91.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping analysts’ consensus estimates of $9.84 by $3.64. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm earned $15.44 EPS. Dillard’s’s revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts expect that Dillard’s, Inc. will post 33.25 earnings per share 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. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date is 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 currently 2.71%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DDS shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $450.00 price objective on shares of Dillard’s in a report on Wednesday, February 26th. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, UBS Group lifted their price objective on Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a report on Friday, February 28th.

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.