Royce & Associates LP Sells 5,510 Shares of Dillard’s, Inc. (NYSE:DDS)

Royce & Associates LP lowered its holdings in Dillard’s, Inc. (NYSE:DDS) by 17.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,998 shares of the company’s stock after selling 5,510 shares during the quarter. Royce & Associates LP’s holdings in Dillard’s were worth $11,224,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of Dillard’s in the third quarter valued at about $125,388,000. Clientfirst Wealth Management LLC bought a new stake in shares of Dillard’s in the 4th quarter worth approximately $48,873,000. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $33,266,000 after purchasing an additional 39,858 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Dillard’s by 10.5% during the fourth quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock valued at $91,339,000 after purchasing an additional 20,155 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Dillard’s in the fourth quarter valued at $7,270,000. 67.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DDS. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $450.00 price target on shares of Dillard’s in a research report on Wednesday, February 26th. Finally, UBS Group lifted their price objective on Dillard’s from $200.00 to $202.00 and gave the company a “sell” rating in a report on Friday, February 28th.

Insider Activity at Dillard’s

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of 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 can be accessed through this hyperlink. Insiders own 33.80% of the company’s stock.

Dillard’s Stock Up 1.2 %

Shares of NYSE DDS opened at $361.46 on Tuesday. The business has a fifty day moving average of $445.10 and a two-hundred day moving average of $416.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard’s, Inc. has a 52-week low of $328.00 and a 52-week high of $510.00. The stock has a market cap of $5.75 billion, a PE ratio of 9.30 and a beta of 0.89.

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

Dillard’s Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 Company 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.