Bank OZK Makes New Investment in Dillard’s, Inc. (NYSE:DDS)

Bank OZK bought a new position in Dillard’s, Inc. (NYSE:DDS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,749 shares of the company’s stock, valued at approximately $2,050,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in shares of Dillard’s by 3.7% in the third quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after purchasing an additional 2,758 shares in the last quarter. Consolidated Planning Corp grew its stake in shares of Dillard’s by 154.5% in the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company’s stock worth $654,000 after purchasing an additional 919 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Dillard’s in the third quarter worth $125,388,000. Quantbot Technologies LP grew its stake in shares of Dillard’s by 49.3% in the third quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock worth $2,171,000 after purchasing an additional 1,868 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Dillard’s by 10.1% in the third quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock worth $1,957,000 after purchasing an additional 467 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

DDS has been the subject of several recent analyst reports. UBS Group increased their price target on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday. StockNews.com cut Dillard’s from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 target price on shares of Dillard’s in a research note on Wednesday.

Dillard’s Trading Down 2.4 %

Shares of DDS stock opened at $389.34 on Friday. The stock has a 50-day simple moving average of $463.18 and a 200 day simple moving average of $414.45. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $510.00. The stock has a market capitalization of $6.19 billion, a P/E ratio of 10.02 and a beta of 0.88. 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 (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 return on equity of 32.13% and a net margin of 9.55%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $15.44 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. On average, sell-side analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. Dillard’s’s dividend payout ratio (DPR) is 2.71%.

Insider Activity at Dillard’s

In related news, VP Tom W. Bolin sold 300 shares of the 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 owns 1,167 shares in the company, valued at $505,836.15. This trade represents a 20.45 % decrease in their position. 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 currently owned by corporate insiders.

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.