Quantbot Technologies LP Cuts Holdings in Dillard’s, Inc. $DDS

Quantbot Technologies LP lessened its position in Dillard’s, Inc. (NYSE:DDS) by 58.1% during the third quarter, Holdings Channel reports. The fund owned 7,812 shares of the company’s stock after selling 10,812 shares during the period. Quantbot Technologies LP’s holdings in Dillard’s were worth $4,800,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DDS. Aster Capital Management DIFC Ltd raised its position in Dillard’s by 1,292.9% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 195 shares of the company’s stock worth $120,000 after purchasing an additional 181 shares during the period. Handelsbanken Fonder AB boosted its position in Dillard’s by 21.7% during the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the company’s stock valued at $1,721,000 after buying an additional 500 shares during the period. Integrated Advisors Network LLC bought a new position in shares of Dillard’s during the third quarter valued at about $221,000. MAI Capital Management grew its stake in shares of Dillard’s by 33.3% during the third quarter. MAI Capital Management now owns 240 shares of the company’s stock valued at $148,000 after buying an additional 60 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Dillard’s in the third quarter worth about $892,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

DDS has been the subject of several recent research reports. Wall Street Zen downgraded Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. UBS Group upped their price target on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a report on Friday, November 28th. Telsey Advisory Group cut 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $519.67.

Dillard’s Stock Performance

Shares of DDS stock opened at $604.62 on Monday. The company’s fifty day moving average price is $640.77 and its 200-day moving average price is $618.97. The stock has a market cap of $9.46 billion, a PE ratio of 16.61 and a beta of 1.30. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. Dillard’s, Inc. has a 12 month low of $282.24 and a 12 month high of $741.97.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 27.55% and a net margin of 8.81%.The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $13.48 EPS. On average, equities analysts expect that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Announces Dividend

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

Dillard’s 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.