Dimensional Fund Advisors LP Sells 12,708 Shares of Dillard’s, Inc. (DDS)

Dimensional Fund Advisors LP cut its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,645,830 shares of the company’s stock after selling 12,708 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Dillard’s worth $125,644,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DDS. Panagora Asset Management Inc. boosted its stake in Dillard’s by 14.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 73,466 shares of the company’s stock worth $5,608,000 after buying an additional 9,191 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Dillard’s by 94,789.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 112,919 shares of the company’s stock worth $8,620,000 after buying an additional 112,800 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in Dillard’s in the 3rd quarter worth about $1,111,000. Bank of New York Mellon Corp boosted its stake in Dillard’s by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 855,841 shares of the company’s stock worth $65,335,000 after buying an additional 48,052 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in Dillard’s by 47.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 22,077 shares of the company’s stock worth $1,682,000 after buying an additional 7,100 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

Shares of NYSE:DDS opened at $65.39 on Friday. The stock has a market cap of $1.80 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. Dillard’s, Inc. has a one year low of $55.88 and a one year high of $98.75.

Dillard’s (NYSE:DDS) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.40). Dillard’s had a return on equity of 9.88% and a net margin of 3.70%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Dillard’s, Inc. will post 5.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 4th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 28th. This represents a $0.40 annualized dividend and a yield of 0.61%. Dillard’s’s dividend payout ratio is presently 8.33%.

DDS has been the topic of a number of research analyst reports. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Deutsche Bank decreased their price target on Dillard’s from $66.00 to $55.00 and set a “sell” rating on the stock in a research note on Friday, November 16th. Zacks Investment Research lowered Dillard’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 20th. Wedbush lowered Dillard’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $70.00 in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Telsey Advisory Group reduced their price objective on Dillard’s from $83.00 to $65.00 and set a “market perform” rating on the stock in a research note on Friday, November 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $64.86.

COPYRIGHT VIOLATION WARNING: This article was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2018/12/07/dimensional-fund-advisors-lp-sells-12708-shares-of-dillards-inc-dds.html.

About Dillard’s

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

Read More: Compound Interest

Want to see what other hedge funds are holding DDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dillard’s, Inc. (NYSE:DDS).

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

Receive News & Ratings for Dillard's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply