Crestline Management LP Buys 2,249 Shares of Dillard’s, Inc. (NYSE:DDS)

Crestline Management LP raised its stake in Dillard’s, Inc. (NYSE:DDS) by 215.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,291 shares of the company’s stock after acquiring an additional 2,249 shares during the period. Crestline Management LP’s holdings in Dillard’s were worth $1,421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in Dillard’s by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after purchasing an additional 39 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Dillard’s in the 4th quarter valued at $36,000. KBC Group NV increased its stake in shares of Dillard’s by 85.3% in the 4th quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after purchasing an additional 99 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Dillard’s during the 4th quarter worth $108,000. Finally, US Bancorp DE boosted its stake 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 buying an additional 132 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group boosted their target price on Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research note on Friday, February 28th. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 price objective on shares of Dillard’s in a research note on Wednesday, February 26th. Finally, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th.

Dillard’s Price Performance

Shares of DDS opened at $362.42 on Friday. The business has a 50-day moving average of $344.22 and a 200-day moving average of $408.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 9.33 and a beta of 0.96. Dillard’s, Inc. has a 1 year low of $282.24 and a 1 year high of $510.00.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $15.44 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was 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 currently 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.