Bank of America Corp DE Has $2 Million Holdings in Dillard’s, Inc. (NYSE:DDS)

Bank of America Corp DE reduced its holdings in Dillard’s, Inc. (NYSE:DDS) by 66.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,633 shares of the company’s stock after selling 9,201 shares during the quarter. Bank of America Corp DE’s holdings in Dillard’s were worth $2,000,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Clientfirst Wealth Management LLC acquired a new position in Dillard’s during the 4th quarter worth $48,873,000. Bank of New York Mellon Corp lifted 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 worth $33,266,000 after buying an additional 39,858 shares in the last quarter. First Trust Advisors LP lifted its holdings in Dillard’s by 47.0% during the 4th quarter. First Trust Advisors LP now owns 81,779 shares of the company’s stock worth $35,307,000 after buying an additional 26,132 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Dillard’s by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock worth $91,339,000 after buying an additional 20,155 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Dillard’s during the 4th quarter worth $7,270,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Stock Performance

DDS stock opened at $392.80 on Tuesday. The business’s fifty day moving average is $357.05 and its 200-day moving average is $409.95. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The company has a market cap of $6.25 billion, a P/E ratio of 10.11 and a beta of 0.96. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, beating analysts’ consensus estimates of $9.10 by $1.29. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. During the same quarter in the prior year, the business posted $11.10 EPS. Equities research analysts forecast that Dillard’s, Inc. will post 33.25 EPS for the current year.

Dillard’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Monday, June 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.76%.

Analyst Ratings Changes

Several research analysts have issued reports on DDS shares. UBS Group upped their price objective on Dillard’s from $150.00 to $170.00 and gave the stock a “sell” rating in a report on Friday, May 16th. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a report on Friday, May 16th.

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.