Dillard’s, Inc. $DDS Stake Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its holdings in Dillard’s, Inc. (NYSE:DDS) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 165,271 shares of the company’s stock after selling 10,753 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dillard’s were worth $100,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Dillard’s by 9.1% in the 4th quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Dillard’s by 17.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 110 shares of the company’s stock valued at $67,000 after buying an additional 16 shares during the last quarter. Fort Sheridan Advisors LLC raised its position in shares of Dillard’s by 0.6% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,220 shares of the company’s stock valued at $2,559,000 after buying an additional 27 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Dillard’s by 3.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 896 shares of the company’s stock valued at $551,000 after buying an additional 27 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Dillard’s by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 512 shares of the company’s stock valued at $334,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Stock Performance

NYSE DDS opened at $583.84 on Thursday. The stock has a market cap of $9.12 billion, a P/E ratio of 13.88 and a beta of 1.16. The company’s 50-day simple moving average is $580.04 and its 200 day simple moving average is $616.40. Dillard’s, Inc. has a twelve month low of $394.70 and a twelve month high of $741.97. The company has a quick ratio of 1.31, a current ratio of 2.37 and a debt-to-equity ratio of 0.21.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping the consensus estimate of $10.13 by $5.91. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.43%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.39 earnings per share. As a group, research analysts forecast that Dillard’s, Inc. will post 35.26 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Dillard’s’s dividend payout ratio is currently 2.85%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DDS shares. JPMorgan Chase & Co. lowered their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Telsey Advisory Group lowered their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, UBS Group upped their target price on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $521.33.

Insiders Place Their Bets

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the sale, the director directly owned 10,150 shares of the company’s stock, valued at approximately $6,183,177. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 34.80% of the company’s stock.

Dillard’s Profile

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.