Dillard’s, Inc. (NYSE:DDS) Holdings Cut by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,700 shares of the company’s stock after selling 21,600 shares during the period. Renaissance Technologies LLC owned 0.70% of Dillard’s worth $48,225,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in Dillard’s by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after buying an additional 39 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Dillard’s during the fourth quarter worth about $36,000. KBC Group NV increased its holdings in shares of Dillard’s by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company’s stock worth $93,000 after acquiring an additional 99 shares during the period. US Bancorp DE lifted its position in Dillard’s by 102.3% in the 4th quarter. US Bancorp DE now owns 261 shares of the company’s stock valued at $113,000 after purchasing an additional 132 shares during the last quarter. Finally, Grove Street Fiduciary LLC bought a new stake in Dillard’s in the 4th quarter valued at about $222,000. 67.15% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

DDS has been the topic of several analyst reports. StockNews.com lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday. Telsey Advisory Group restated a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a research report on Wednesday, February 26th. Finally, UBS Group increased their price target on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday, February 28th.

Dillard’s Trading Down 4.0 %

Shares of NYSE:DDS opened at $314.92 on Friday. The company has a 50 day moving average of $398.27 and a 200-day moving average of $414.03. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.01 billion, a P/E ratio of 8.11 and a beta of 0.66. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00.

Dillard’s (NYSE:DDS) last announced its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping the consensus estimate of $9.84 by $3.64. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company earned $15.44 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The company 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. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 0.32%. Dillard’s’s dividend payout ratio is currently 2.71%.

About Dillard’s

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.