Nisa Investment Advisors LLC Raises Holdings in Dillard’s, Inc. $DDS

Nisa Investment Advisors LLC increased its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 16.9% during the 4th quarter, Holdings Channel reports. The fund owned 17,794 shares of the company’s stock after purchasing an additional 2,575 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dillard’s were worth $11,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its holdings in Dillard’s by 756.9% in the third quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock valued at $43,554,000 after acquiring an additional 62,608 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Dillard’s during the 3rd quarter worth approximately $31,813,000. Man Group plc increased its holdings in shares of Dillard’s by 464.3% during the 3rd quarter. Man Group plc now owns 38,806 shares of the company’s stock valued at $23,846,000 after purchasing an additional 31,929 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Dillard’s by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after purchasing an additional 28,468 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Dillard’s in the 2nd quarter valued at $10,238,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Trading Up 0.8%

Shares of NYSE:DDS opened at $576.49 on Thursday. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $741.97. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 15.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. The business’s 50 day moving average price is $612.00 and its 200-day moving average price is $625.22.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, topping the consensus estimate of $9.98 by $3.07. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.03 billion. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.48 EPS. On average, equities research analysts forecast that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Tuesday, March 31st will be given a $0.30 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 3.30%.

Analyst Ratings Changes

A number of analysts recently issued reports on DDS shares. Telsey Advisory Group lowered their price target on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Finally, Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dillard’s currently has an average rating of “Reduce” and an average target price of $519.67.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.