Charles Schwab Investment Management Inc. Reduces Stock Holdings in Dillard’s, Inc. (NYSE:DDS)

Charles Schwab Investment Management Inc. trimmed its position in Dillard’s, Inc. (NYSE:DDS) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,582 shares of the company’s stock after selling 3,890 shares during the period. Charles Schwab Investment Management Inc. owned about 0.31% of Dillard’s worth $20,975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in Dillard’s by 7.7% in the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock worth $151,975,000 after purchasing an additional 25,212 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Dillard’s by 10.5% in the fourth quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock worth $91,339,000 after purchasing an additional 20,155 shares during the last quarter. Clientfirst Wealth Management LLC purchased a new position in Dillard’s in the fourth quarter worth about $48,873,000. Bank of New York Mellon Corp boosted its position in Dillard’s by 107.2% in the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock worth $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Finally, State Street Corp boosted its position in Dillard’s by 3.7% in the third quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after purchasing an additional 2,758 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Stock Up 2.6 %

DDS stock opened at $372.35 on Thursday. Dillard’s, Inc. has a twelve month low of $328.00 and a twelve month high of $510.00. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.92 billion, a P/E ratio of 9.58 and a beta of 0.89. The business’s 50-day moving average price is $441.76 and its 200-day moving average price is $415.92.

Dillard’s (NYSE:DDS) last issued its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.84 by $3.64. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $15.44 EPS. On average, equities research analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Cuts Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard’s’s dividend payout ratio (DPR) is presently 2.71%.

Insider Activity at Dillard’s

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

Wall Street Analysts Forecast Growth

DDS has been the topic of a number of analyst reports. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research report on Wednesday, February 26th. 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 research report on Friday, February 28th.

Dillard’s Company 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.