TrueMark Investments LLC Buys 10,482 Shares of Dillard’s, Inc. (NYSE:DDS)

TrueMark Investments LLC increased its stake in Dillard’s, Inc. (NYSE:DDS) by 805.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,783 shares of the company’s stock after acquiring an additional 10,482 shares during the period. Dillard’s comprises about 1.6% of TrueMark Investments LLC’s holdings, making the stock its 18th largest holding. TrueMark Investments LLC owned approximately 0.07% of Dillard’s worth $5,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Clientfirst Wealth Management LLC bought a new stake in Dillard’s in the fourth quarter valued at approximately $48,873,000. Bank of New York Mellon Corp raised its holdings in Dillard’s by 107.2% during the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock valued at $33,266,000 after buying an additional 39,858 shares during the last quarter. Pacer Advisors Inc. boosted its position in Dillard’s by 7.7% during the 4th quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock valued at $151,975,000 after buying an additional 25,212 shares during the period. Allianz Asset Management GmbH boosted its position in Dillard’s by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock valued at $91,339,000 after buying an additional 20,155 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Dillard’s in the 4th quarter worth $7,270,000. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Dillard’s Price Performance

DDS stock opened at $367.64 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard’s, Inc. has a 1 year low of $328.00 and a 1 year high of $510.00. The firm has a 50-day moving average of $435.48 and a 200 day moving average of $416.95. The company has a market cap of $5.85 billion, a P/E ratio of 9.46 and a beta of 0.89.

Dillard’s (NYSE:DDS) last announced its 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. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.49 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $15.44 EPS. On average, sell-side analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard’s’s dividend payout ratio (DPR) is presently 2.71%.

Insider Transactions at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the sale, the vice president now directly owns 1,167 shares of the company’s stock, valued at $505,836.15. The trade was a 20.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 33.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.