Kesler Norman & Wride LLC Has $330,000 Holdings in Dillard’s, Inc. (NYSE:DDS)

Kesler Norman & Wride LLC lessened its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861 shares of the company’s stock after selling 115 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Dillard’s were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Handelsbanken Fonder AB increased its position in Dillard’s by 19.0% during the third quarter. Handelsbanken Fonder AB now owns 2,500 shares of the company’s stock worth $959,000 after buying an additional 400 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Dillard’s during the second quarter worth approximately $1,321,000. Sanctuary Advisors LLC bought a new stake in shares of Dillard’s during the second quarter worth approximately $1,141,000. Truist Financial Corp boosted its holdings in shares of Dillard’s by 168.0% during the second quarter. Truist Financial Corp now owns 4,063 shares of the company’s stock worth $1,789,000 after acquiring an additional 2,547 shares during the period. Finally, Creative Planning boosted its holdings in shares of Dillard’s by 14.6% during the second quarter. Creative Planning now owns 1,002 shares of the company’s stock worth $441,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DDS shares. Telsey Advisory Group reduced their price objective on 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 reduced their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a report on Friday, August 16th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th.

Insiders Place Their Bets

In related news, Director Robert C. Connor purchased 100 shares of the stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the acquisition, the director now owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 33.80% of the company’s stock.

Dillard’s Trading Down 1.2 %

Shares of DDS stock opened at $365.74 on Wednesday. The company has a current ratio of 3.14, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.94 billion, a P/E ratio of 8.31 and a beta of 0.85. The stock has a 50 day simple moving average of $362.75 and a 200 day simple moving average of $407.15. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 15th. The company reported $4.59 earnings per share (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 the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $7.98 earnings per share. On average, research analysts predict that Dillard’s, Inc. will post 31.2 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, September 30th 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, September 30th. Dillard’s’s payout ratio is presently 2.27%.

Dillard’s 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.