Dillard’s, Inc. (NYSE:DDS) Stake Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Dillard’s, Inc. (NYSE:DDSGet Rating) by 20.0% during the 3rd quarter, Holdings Channel reports. The fund owned 400 shares of the company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System’s holdings in Dillard’s were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DDS. One Wealth Advisors LLC grew its stake in shares of Dillard’s by 3.0% in the second quarter. One Wealth Advisors LLC now owns 1,301 shares of the company’s stock worth $287,000 after purchasing an additional 38 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Dillard’s by 14.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 565 shares of the company’s stock worth $161,000 after buying an additional 71 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Dillard’s by 9.7% during the second quarter. Inspire Investing LLC now owns 959 shares of the company’s stock valued at $212,000 after acquiring an additional 85 shares during the period. Arizona State Retirement System lifted its holdings in shares of Dillard’s by 6.5% in the second quarter. Arizona State Retirement System now owns 1,675 shares of the company’s stock valued at $369,000 after buying an additional 102 shares during the period. Finally, WINTON GROUP Ltd raised its position in Dillard’s by 3.0% in the second quarter. WINTON GROUP Ltd now owns 5,346 shares of the company’s stock worth $1,179,000 after acquiring an additional 157 shares in the last quarter. 55.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DDS. JPMorgan Chase & Co. dropped their price target on shares of Dillard’s from $352.00 to $345.00 in a research report on Tuesday, January 3rd. Telsey Advisory Group raised their target price on shares of Dillard’s from $350.00 to $380.00 and gave the stock a “market perform” rating in a report on Friday, November 11th. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th. Finally, UBS Group boosted their target price on Dillard’s to $150.00 in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dillard’s currently has an average rating of “Hold” and a consensus target price of $256.25.

Dillard’s Stock Down 1.6 %

Shares of NYSE:DDS opened at $367.01 on Friday. The firm has a 50 day simple moving average of $344.79 and a 200 day simple moving average of $302.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.64 and a current ratio of 1.85. Dillard’s, Inc. has a 52 week low of $193.00 and a 52 week high of $390.80. The company has a market cap of $6.29 billion, a PE ratio of 7.26 and a beta of 0.83.

Dillard’s (NYSE:DDSGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $10.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.87 by $6.09. Dillard’s had a net margin of 13.47% and a return on equity of 59.78%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, research analysts expect that Dillard’s, Inc. will post 41.87 earnings per share for the current year.

Dillard’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 29th. Dillard’s’s payout ratio is currently 1.58%.

Insider Transactions at Dillard’s

In other news, VP Tony J. Bolte sold 2,300 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $367.40, for a total transaction of $845,020.00. Following the transaction, the vice president now owns 2,268 shares in the company, valued at approximately $833,263.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Tony J. Bolte sold 2,300 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $367.40, for a total transaction of $845,020.00. Following the transaction, the vice president now owns 2,268 shares in the company, valued at approximately $833,263.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Chris B. Johnson sold 650 shares of the business’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $359.17, for a total value of $233,460.50. Following the completion of the sale, the senior vice president now directly owns 8,645 shares of the company’s stock, valued at approximately $3,105,024.65. The disclosure for this sale can be found here. Company insiders own 29.80% of the company’s stock.

Dillard’s Profile

(Get Rating)

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.

Further Reading

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Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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