Pacer Advisors Inc. Has $16.84 Million Stock Holdings in Dillard’s, Inc. $DDS

Pacer Advisors Inc. reduced its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 5.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,768 shares of the company’s stock after selling 1,473 shares during the period. Pacer Advisors Inc.’s holdings in Dillard’s were worth $16,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors Inc. bought a new position in Dillard’s in the 4th quarter valued at about $29,000. Quarry LP bought a new position in shares of Dillard’s during the third quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after purchasing an additional 63 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after purchasing an additional 73 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Insider Transactions at Dillard’s

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the completion of the sale, the director directly owned 10,150 shares of the company’s stock, valued at $6,183,177. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 34.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Dillard’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. dropped their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. UBS Group boosted their price objective on Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Dillard’s presently has an average rating of “Hold” and an average target price of $521.33.

Dillard’s Stock Performance

Shares of DDS stock opened at $555.48 on Friday. Dillard’s, Inc. has a 52 week low of $397.03 and a 52 week high of $741.97. The firm’s 50-day simple moving average is $579.58 and its two-hundred day simple moving average is $612.84. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 13.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 2.37.

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

Dillard’s Announces Dividend

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 issued 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 2.85%.

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.