Fox Run Management L.L.C. Invests $673,000 in Dillard’s, Inc. (NYSE:DDS)

Fox Run Management L.L.C. bought a new stake in Dillard’s, Inc. (NYSE:DDS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,558 shares of the company’s stock, valued at approximately $673,000.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Dillard’s by 3.7% during the 3rd quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after buying an additional 2,758 shares in the last quarter. Consolidated Planning Corp boosted its holdings in Dillard’s by 154.5% during 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 during the last quarter. Quantbot Technologies LP grew its holdings 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 valued at $2,171,000 after acquiring an additional 1,868 shares in the last quarter. Pacer Advisors Inc. grew its stake in Dillard’s by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock valued at $151,975,000 after purchasing an additional 25,212 shares during the period. Finally, Stifel Financial Corp grew its position in Dillard’s by 10.1% during the third quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock valued at $1,957,000 after buying an additional 467 shares during the period. 67.15% of the stock is owned by institutional investors.

Dillard’s Stock Performance

NYSE:DDS opened at $375.00 on Tuesday. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 9.65 and a beta of 0.89. Dillard’s, Inc. has a 1-year low of $328.00 and a 1-year high of $510.00. The business has a 50 day moving average of $436.83 and a 200 day moving average of $416.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, topping the consensus estimate of $9.84 by $3.64. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $15.44 earnings per share. On average, sell-side analysts predict that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. 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 0.27%. Dillard’s’s dividend payout ratio is currently 2.71%.

Analysts Set New Price Targets

Several brokerages have weighed in on DDS. Telsey Advisory Group reissued a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a report on Wednesday, February 26th. UBS Group boosted their price objective on shares of Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a research note on Friday, February 28th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th.

Insiders Place Their Bets

In other news, VP Tom W. Bolin sold 300 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $505,836.15. This represents a 20.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 33.80% of the company’s stock.

Dillard’s Profile

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.