Clientfirst Wealth Management LLC Invests $48.87 Million in Dillard’s, Inc. (NYSE:DDS)

Clientfirst Wealth Management LLC bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 113,201 shares of the company’s stock, valued at approximately $48,873,000. Dillard’s accounts for 49.4% of Clientfirst Wealth Management LLC’s investment portfolio, making the stock its biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in Dillard’s by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock worth $151,975,000 after buying an additional 25,212 shares in the last quarter. KBC Group NV lifted its stake in shares of Dillard’s by 85.3% in the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock worth $93,000 after acquiring an additional 99 shares in the last quarter. Blue Trust Inc. boosted its holdings in Dillard’s by 20.7% in the fourth quarter. Blue Trust Inc. now owns 518 shares of the company’s stock valued at $224,000 after purchasing an additional 89 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Dillard’s during the 4th quarter valued at approximately $462,000. Finally, Nisa Investment Advisors LLC increased its holdings in Dillard’s by 7.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,662 shares of the company’s stock worth $6,243,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Price Performance

Shares of DDS opened at $473.92 on Friday. Dillard’s, Inc. has a one year low of $328.00 and a one year high of $492.99. The stock’s fifty day moving average is $452.42 and its 200-day moving average is $405.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 12.20 and a beta of 0.88.

Dillard’s Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were issued a dividend of $25.00 per share. This represents a yield of 5.68%. The ex-dividend date of this dividend was Friday, December 13th. Dillard’s’s payout ratio is currently 2.57%.

Insiders Place Their Bets

In related news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 33.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DDS. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. UBS Group upped their price objective on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research note on Friday, November 15th. Finally, Telsey Advisory Group lifted their target price on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th.

About Dillard’s

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.