Dillard’s, Inc. (NYSE:DDS) Holdings Decreased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in Dillard’s, Inc. (NYSE:DDS) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,874 shares of the company’s stock after selling 5,367 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Dillard’s were worth $43,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Newport Trust Company LLC grew its stake in Dillard’s by 1.0% during the 4th quarter. Newport Trust Company LLC now owns 5,002,223 shares of the company’s stock worth $2,019,147,000 after buying an additional 47,951 shares during the last quarter. Vanguard Group Inc. grew its stake in Dillard’s by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after buying an additional 52,974 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Dillard’s by 1.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock worth $46,798,000 after buying an additional 1,265 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Dillard’s by 110.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 69,071 shares of the company’s stock worth $27,881,000 after buying an additional 36,253 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dillard’s by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,843 shares of the company’s stock worth $25,367,000 after purchasing an additional 3,942 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Stock Performance

Shares of NYSE:DDS traded down $42.06 on Thursday, hitting $348.90. The company’s stock had a trading volume of 443,827 shares, compared to its average volume of 103,837. Dillard’s, Inc. has a 12 month low of $286.39 and a 12 month high of $476.48. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 7.88 and a beta of 0.90. The stock’s 50-day moving average is $414.91 and its two-hundred day moving average is $423.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 2.40.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Saturday, May 18th. The company reported $11.09 earnings per share for the quarter, beating the consensus estimate of $9.69 by $1.40. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Dillard’s had a return on equity of 38.66% and a net margin of 10.68%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.85 earnings per share. On average, equities research analysts forecast that Dillard’s, Inc. will post 34.47 EPS for the current year.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, June 28th were issued a $0.25 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. Dillard’s’s dividend payout ratio (DPR) is 2.27%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group increased their price target on Dillard’s from $450.00 to $475.00 and gave the stock a “market perform” rating in a research note on Friday, May 17th.

Dillard’s Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.