Pacer Advisors Inc. Has $17.97 Million Stock Holdings in Dillard’s, Inc. $DDS

Pacer Advisors Inc. reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,241 shares of the company’s stock after selling 1,438 shares during the period. Pacer Advisors Inc. owned 0.19% of Dillard’s worth $17,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Dillard’s by 220.7% in the second quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock worth $39,000 after acquiring an additional 64 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dillard’s by 110.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after acquiring an additional 73 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Dillard’s during the second quarter valued at approximately $55,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Dillard’s by 100.0% during the second quarter. Tower Research Capital LLC TRC now owns 170 shares of the company’s stock valued at $71,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a report on Friday, November 28th. JPMorgan Chase & Co. raised their price objective on shares of Dillard’s from $411.00 to $524.00 and gave the company an “underweight” rating in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, October 8th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Dillard’s presently has an average rating of “Hold” and an average price target of $511.33.

Dillard’s Price Performance

DDS opened at $630.31 on Friday. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $741.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.00. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 17.11 and a beta of 1.25. The firm’s fifty day moving average price is $637.51 and its two-hundred day moving average price is $556.33.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.43 by $1.88. Dillard’s had a net margin of 8.90% and a return on equity of 30.50%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm earned $7.73 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, December 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, December 31st. Dillard’s’s payout ratio is presently 3.26%.

Insider Buying and Selling at Dillard’s

In other news, Director J C. Watts, Jr. sold 750 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $594.60, for a total value of $445,950.00. Following the completion of the transaction, the director directly owned 10,250 shares of the company’s stock, valued at $6,094,650. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 34.80% of the stock is owned by insiders.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.