Teacher Retirement System of Texas Has $1.20 Million Stock Position in Dillard’s, Inc. (NYSE:DDS)

Teacher Retirement System of Texas reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,776 shares of the company’s stock after selling 803 shares during the period. Teacher Retirement System of Texas’ holdings in Dillard’s were worth $1,199,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in Dillard’s by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after acquiring an additional 39 shares during the last quarter. KBC Group NV raised its holdings in 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 purchasing an additional 99 shares during the period. US Bancorp DE raised its holdings in Dillard’s by 102.3% in the fourth quarter. US Bancorp DE now owns 261 shares of the company’s stock worth $113,000 after purchasing an additional 132 shares during the period. Grove Street Fiduciary LLC bought a new position in shares of Dillard’s during the fourth quarter worth $222,000. Finally, Blue Trust Inc. grew its holdings in shares of Dillard’s by 20.7% in the 4th quarter. Blue Trust Inc. now owns 518 shares of the company’s stock valued at $224,000 after buying an additional 89 shares during the period. 67.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDS has been the subject of several research analyst reports. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research report on Wednesday, February 26th. Finally, UBS Group lifted their target price on Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a research report on Friday, February 28th.

Insider Buying and Selling at Dillard’s

In related news, VP Tom W. Bolin sold 300 shares of the 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 sale, the vice president now owns 1,167 shares in the company, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 33.80% of the company’s stock.

Dillard’s Stock Down 2.7 %

DDS opened at $357.80 on Friday. The stock’s fifty day simple moving average is $430.01 and its 200 day simple moving average is $416.35. Dillard’s, Inc. has a 1-year low of $328.00 and a 1-year high of $510.00. The stock has a market cap of $5.69 billion, a PE ratio of 9.21 and a beta of 0.89. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard’s (NYSE:DDS) last posted its earnings results on Tuesday, February 25th. The company reported $13.48 EPS for the quarter, beating the consensus estimate of $9.84 by $3.64. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $15.44 earnings per share. As a group, research 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 disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard’s’s dividend payout ratio (DPR) is presently 2.71%.

Dillard’s 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.