Proficio Capital Partners LLC Acquires Shares of 16,838 Dillard’s, Inc. (NYSE:DDS)

Proficio Capital Partners LLC bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,838 shares of the company’s stock, valued at approximately $7,270,000. Proficio Capital Partners LLC owned 0.11% of Dillard’s as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Creative Planning lifted its holdings in shares of Dillard’s by 49.7% during the third quarter. Creative Planning now owns 1,500 shares of the company’s stock worth $576,000 after purchasing an additional 498 shares during the period. Allspring Global Investments Holdings LLC raised its position in Dillard’s by 11.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock worth $175,000 after buying an additional 45 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dillard’s in the 3rd quarter worth $70,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dillard’s by 70.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,176 shares of the company’s stock valued at $451,000 after acquiring an additional 488 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Dillard’s by 61.3% during the third quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Ratings Changes

DDS has been the topic of a number of analyst reports. StockNews.com cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a report on Wednesday, February 26th. Finally, UBS Group upped their target price on Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a report on Friday.

Insider Buying and Selling

In related news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction on 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 directly owns 1,167 shares in the company, valued at approximately $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 33.80% of the stock is owned by company insiders.

Dillard’s Stock Performance

NYSE DDS opened at $367.26 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $510.00. The business has a fifty day moving average of $461.65 and a 200-day moving average of $414.86. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 9.45 and a beta of 0.88.

Dillard’s (NYSE:DDS) last announced its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $15.44 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. 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 company also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard’s’s payout ratio is 2.71%.

Dillard’s Profile

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.