Crossmark Global Holdings Inc. Buys Shares of 4,067 Dillard’s, Inc. $DDS

Crossmark Global Holdings Inc. bought a new stake in Dillard’s, Inc. (NYSE:DDS) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,067 shares of the company’s stock, valued at approximately $2,466,000.

A number of other large investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Dillard’s by 9.1% in the fourth quarter. Farther Finance Advisors LLC now owns 191 shares of the company’s stock valued at $116,000 after buying an additional 16 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Dillard’s by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 1,040 shares of the company’s stock worth $639,000 after purchasing an additional 23 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Dillard’s by 3.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 896 shares of the company’s stock worth $551,000 after purchasing an additional 27 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Dillard’s by 6.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 512 shares of the company’s stock worth $334,000 after purchasing an additional 30 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Dillard’s by 14.8% during the second quarter. Geneos Wealth Management Inc. now owns 263 shares of the company’s stock worth $110,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Telsey Advisory Group reduced their price target on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 25th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. UBS Group increased their price target on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $521.33.

Dillard’s Stock Down 1.1%

Shares of NYSE:DDS opened at $556.89 on Tuesday. The firm’s 50 day moving average price is $586.70 and its 200 day moving average price is $622.02. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 15.29 and a beta of 1.17. Dillard’s, Inc. has a fifty-two week low of $377.48 and a fifty-two week high of $741.97. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last issued its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating the consensus estimate of $9.98 by $3.07. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $13.48 earnings per share. As a group, equities research analysts predict that Dillard’s, Inc. will post 32.52 earnings per share for the current fiscal year.

Dillard’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Tuesday, March 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 3.30%.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.