Pinebridge Investments L.P. Sells 5,122 Shares of Dillard’s, Inc. (NYSE:DDS)

Pinebridge Investments L.P. lowered its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 40.5% during the 4th quarter, HoldingsChannel reports. The fund owned 7,512 shares of the company’s stock after selling 5,122 shares during the period. Pinebridge Investments L.P.’s holdings in Dillard’s were worth $3,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DDS. Barclays PLC grew its position in shares of Dillard’s by 9.0% during the 3rd quarter. Barclays PLC now owns 2,424 shares of the company’s stock valued at $930,000 after purchasing an additional 200 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Dillard’s by 3.3% during the 3rd quarter. Tidal Investments LLC now owns 4,854 shares of the company’s stock valued at $1,862,000 after acquiring an additional 157 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Dillard’s by 7.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 13,662 shares of the company’s stock worth $6,243,000 after purchasing an additional 950 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Dillard’s in the fourth quarter worth approximately $462,000. Finally, Blue Trust Inc. raised its stake in Dillard’s by 20.7% in the fourth quarter. Blue Trust Inc. now owns 518 shares of the company’s stock valued at $224,000 after purchasing an additional 89 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Dillard’s Trading Up 2.2 %

DDS stock opened at $336.65 on Friday. The company has a market capitalization of $5.35 billion, a PE ratio of 8.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard’s, Inc. has a one year low of $282.24 and a one year high of $510.00. The company’s 50 day moving average price is $361.51 and its two-hundred day moving average price is $409.57.

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

Dillard’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.30%. The ex-dividend date is Monday, March 31st. Dillard’s’s dividend payout ratio is presently 2.71%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 target price on shares of Dillard’s in a research note on Wednesday, February 26th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, April 18th.

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.