ExodusPoint Capital Management LP Buys Shares of 5,197 Dillard’s, Inc. (NYSE:DDS)

ExodusPoint Capital Management LP purchased a new position in Dillard’s, Inc. (NYSE:DDS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,197 shares of the company’s stock, valued at approximately $2,244,000.

A number of other institutional investors have also made changes to their positions in the stock. Trexquant Investment LP bought a new position in Dillard’s during the fourth quarter worth about $1,680,000. Brandywine Global Investment Management LLC bought a new position in Dillard’s during the 4th quarter worth approximately $1,543,000. Pictet Asset Management Holding SA acquired a new position in Dillard’s during the fourth quarter valued at approximately $254,000. Norges Bank bought a new stake in Dillard’s in the fourth quarter valued at approximately $4,484,000. Finally, JPMorgan Chase & Co. raised its holdings in Dillard’s by 37.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,256 shares of the company’s stock worth $4,428,000 after purchasing an additional 2,801 shares during the period. 67.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Dillard’s Price Performance

Shares of NYSE DDS opened at $306.05 on Tuesday. The company has a fifty day moving average price of $413.76 and a 200 day moving average price of $416.78. The firm has a market cap of $4.87 billion, a PE ratio of 7.88 and a beta of 0.66. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 1-year low of $287.43 and a 1-year high of $510.00.

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

Dillard’s Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders 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 dividend yield of 0.33%. Dillard’s’s dividend payout ratio is currently 2.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DDS. UBS Group boosted their price target on shares of Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a report on Friday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $450.00 price target on shares of Dillard’s in a report on Wednesday, February 26th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.

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.