Dillard’s, Inc. (NYSE:DDS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Dillard’s, Inc. (NYSE:DDS) by 37.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,441 shares of the company’s stock after selling 2,075 shares during the quarter. Rhumbline Advisers’ holdings in Dillard’s were worth $1,515,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DDS. Charles Schwab Investment Management Inc. grew its position in Dillard’s by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock worth $25,367,000 after purchasing an additional 3,942 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Dillard’s in the fourth quarter worth about $9,036,000. Hennessy Advisors Inc. grew its holdings in Dillard’s by 43.5% during the first quarter. Hennessy Advisors Inc. now owns 13,200 shares of the company’s stock worth $6,226,000 after acquiring an additional 4,000 shares during the period. Duality Advisers LP raised its position in Dillard’s by 90.8% during the first quarter. Duality Advisers LP now owns 7,213 shares of the company’s stock valued at $3,402,000 after acquiring an additional 3,433 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Dillard’s by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock valued at $881,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert C. Connor acquired 100 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the acquisition, the director now owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 33.80% of the stock is currently owned by insiders.

Dillard’s Stock Up 0.3 %

Dillard’s stock opened at $368.48 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The stock has a market capitalization of $5.98 billion, a PE ratio of 8.37 and a beta of 0.85. The business has a 50 day simple moving average of $369.97 and a 200-day simple moving average of $411.46. Dillard’s, Inc. has a 12 month low of $286.39 and a 12 month high of $476.48.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 15th. The company reported $4.59 EPS for the quarter, missing the consensus estimate of $5.97 by ($1.38). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. Dillard’s’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.98 EPS. On average, analysts anticipate that Dillard’s, Inc. will post 31.2 EPS for the current fiscal year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Monday, September 30th. Dillard’s’s dividend payout ratio is presently 2.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group cut their target price on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating for the company in a report on Friday, August 16th. UBS Group dropped their price target on shares of Dillard’s from $202.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.