PNC Financial Services Group Inc. Raises Stake in Dillard’s, Inc. (NYSE:DDS)

PNC Financial Services Group Inc. boosted its holdings in Dillard’s, Inc. (NYSE:DDS) by 177.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 61 shares of the company’s stock after purchasing an additional 39 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dillard’s were worth $26,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV lifted its holdings in shares of Dillard’s by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after acquiring an additional 99 shares in the last quarter. US Bancorp DE raised its position in Dillard’s by 102.3% in the fourth quarter. US Bancorp DE now owns 261 shares of the company’s stock valued at $113,000 after purchasing an additional 132 shares during the period. Grove Street Fiduciary LLC acquired a new position in shares of Dillard’s during the fourth quarter worth about $222,000. Blue Trust Inc. boosted its position in shares of Dillard’s by 20.7% in the fourth quarter. Blue Trust Inc. now owns 518 shares of the company’s stock worth $224,000 after buying an additional 89 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of Dillard’s in the fourth quarter valued at about $374,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Stock Up 0.6 %

Dillard’s stock opened at $368.68 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard’s, Inc. has a one year low of $328.00 and a one year high of $510.00. The company has a 50-day simple moving average of $432.16 and a 200-day simple moving average of $416.27. The firm has a market capitalization of $5.86 billion, a P/E ratio of 9.49 and a beta of 0.89.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating analysts’ consensus estimates of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business earned $15.44 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. As a group, equities analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. Dillard’s’s dividend payout ratio is currently 2.71%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research note on Wednesday, February 26th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, UBS Group upped their price objective on shares of Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a research report on Friday, February 28th.

Insider Activity

In related news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the transaction, the vice president now directly owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 33.80% of the company’s stock.

Dillard’s Company 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.