Dillard’s, Inc. (NYSE:DDS) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Dillard’s, Inc. (NYSE:DDS – Get Rating) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 13,100 shares of the company’s stock after selling 400 shares during the period. Swiss National Bank’s holdings in Dillard’s were worth $4,234,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in Dillard’s by 76.9% in the fourth quarter. National Bank of Canada FI now owns 92 shares of the company’s stock valued at $30,000 after acquiring an additional 40 shares in the last quarter. Federated Hermes Inc. raised its holdings in Dillard’s by 55.0% in the third quarter. Federated Hermes Inc. now owns 93 shares of the company’s stock valued at $25,000 after acquiring an additional 33 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Dillard’s by 14.4% in the first quarter. Great West Life Assurance Co. Can now owns 565 shares of the company’s stock valued at $161,000 after acquiring an additional 71 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in Dillard’s in the fourth quarter valued at $192,000. Finally, Navellier & Associates Inc. acquired a new stake in Dillard’s in the fourth quarter valued at $227,000. 55.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Dillard’s from $286.00 to $277.00 in a research note on Monday, May 8th. Telsey Advisory Group lowered their target price on shares of Dillard’s from $380.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, May 12th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Saturday.

Dillard’s Stock Down 5.1 %

Dillard’s stock opened at $278.00 on Friday. The company has a 50-day simple moving average of $302.03 and a 200-day simple moving average of $336.52. The firm has a market capitalization of $4.74 billion, a P/E ratio of 5.67 and a beta of 0.89. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.92 and a current ratio of 2.10. Dillard’s, Inc. has a one year low of $193.00 and a one year high of $417.86.

Dillard’s (NYSE:DDS – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The company reported $14.50 EPS for the quarter, topping the consensus estimate of $8.85 by $5.65. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.11 billion. Dillard’s had a net margin of 12.30% and a return on equity of 50.46%. As a group, equities analysts expect that Dillard’s, Inc. will post 33.73 earnings per share for the current year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Friday, March 31st were given a $0.20 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 0.29%. Dillard’s’s dividend payout ratio is presently 1.63%.

About Dillard’s

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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.