Plato Investment Management Ltd Sells 173 Shares of Dillard’s, Inc. (NYSE:DDS)

Plato Investment Management Ltd lowered its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 42.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DDS. Comerica Bank grew its stake in Dillard’s by 10.0% in the 1st quarter. Comerica Bank now owns 7,428 shares of the company’s stock valued at $3,503,000 after purchasing an additional 673 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Dillard’s by 1.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,225 shares of the company’s stock valued at $46,798,000 after purchasing an additional 1,265 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Dillard’s by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock valued at $881,000 after purchasing an additional 97 shares during the period. BOKF NA purchased a new position in shares of Dillard’s during the 1st quarter valued at $317,000. Finally, Hyperion Capital Advisors LP purchased a new position in shares of Dillard’s during the 1st quarter valued at $259,000. Institutional investors own 67.15% of the company’s stock.

Dillard’s Price Performance

Shares of Dillard’s stock traded down $12.64 during trading on Thursday, hitting $385.95. 111,786 shares of the stock traded hands, compared to its average volume of 99,182. The company has a quick ratio of 1.17, a current ratio of 2.40 and a debt-to-equity ratio of 0.28. 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 firm’s fifty day moving average is $427.12 and its 200-day moving average is $423.71. Dillard’s, Inc. has a 52 week low of $286.39 and a 52 week high of $476.48.

Dillard’s (NYSE:DDS) last released its earnings results on Saturday, May 18th. The company reported $11.09 EPS for the quarter, beating analysts’ consensus estimates of $9.69 by $1.40. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a return on equity of 38.66% and a net margin of 10.68%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $11.85 EPS. Research analysts expect that Dillard’s, Inc. will post 34.47 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, June 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, June 28th. Dillard’s’s payout ratio is 2.27%.

Analyst Upgrades and Downgrades

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

About Dillard’s

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.