Plato Investment Management Ltd Cuts Holdings in Dillard’s, Inc. (NYSE:DDS)

Plato Investment Management Ltd trimmed its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 42.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234 shares of the company’s stock after selling 173 shares during the quarter. Plato Investment Management Ltd’s holdings in Dillard’s were worth $110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DDS. Headlands Technologies LLC purchased a new position in Dillard’s in the first quarter worth $68,000. Quest Partners LLC purchased a new stake in shares of Dillard’s during the fourth quarter valued at $150,000. Smart Money Group LLC purchased a new stake in shares of Dillard’s during the fourth quarter valued at $219,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Dillard’s during the fourth quarter valued at $223,000. Finally, CWM LLC grew its holdings in shares of Dillard’s by 5,377.8% during the first quarter. CWM LLC now owns 493 shares of the company’s stock valued at $233,000 after buying an additional 484 shares during the last quarter. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Stock Performance

NYSE:DDS traded down $12.64 during mid-day trading on Thursday, hitting $385.95. The company’s stock had a trading volume of 111,786 shares, compared to its average volume of 99,182. Dillard’s, Inc. has a 1 year low of $286.39 and a 1 year high of $476.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.40 and a quick ratio of 1.17. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 8.81 and a beta of 0.90. The business’s fifty day moving average is $427.12 and its two-hundred day moving average is $423.71.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Saturday, May 18th. The company reported $11.09 EPS for the quarter, beating the consensus estimate of $9.69 by $1.40. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company earned $11.85 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Analysts anticipate that Dillard’s, Inc. will post 34.47 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, June 28th. Dillard’s’s payout ratio is currently 2.27%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group boosted their price objective on shares of Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a report on Friday, May 17th.

Dillard’s Profile

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