First Trust Advisors Reduces Stake in Dillard's

Investment firm cuts holdings in department store chain by 30.2% in Q3

Mar. 11, 2026 at 9:44am

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First Trust Advisors LP reduced its stake in Dillard's, Inc. (NYSE:DDS) by 30.2% in the third quarter, according to the company's latest 13F filing with the SEC. The investment firm now owns 117,641 shares of the department store company, valued at $72.29 million.

Why it matters

This reduction in First Trust Advisors' Dillard's holdings reflects broader investor sentiment around the department store industry, which has faced significant challenges in recent years due to the rise of e-commerce and changing consumer preferences.

The details

First Trust Advisors sold 50,938 Dillard's shares during the third quarter, leaving it with a 0.75% ownership stake in the company. The move comes as Dillard's has seen its stock price fluctuate, with shares trading between a 52-week low of $282.24 and a high of $741.97. Several equity research analysts have issued mixed ratings and price targets for Dillard's in recent months.

  • First Trust Advisors reduced its Dillard's stake in the third quarter of 2026.

The players

First Trust Advisors LP

An investment management firm that previously held a 0.75% stake in Dillard's, Inc.

Dillard's, Inc.

A U.S.-based department store chain founded in 1938 and headquartered in Little Rock, Arkansas.

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The takeaway

The reduction in First Trust Advisors' Dillard's holdings reflects the broader challenges facing traditional department stores as they compete with the rise of e-commerce and changing consumer preferences. This move highlights the ongoing shifts in the retail landscape and the need for department stores to adapt their strategies to remain competitive.