Bank of New York Mellon Corp Raises Stock Position in Dillard’s, Inc. (NYSE:DDS)

Bank of New York Mellon Corp grew its position in Dillard’s, Inc. (NYSE:DDS) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,691 shares of the company’s stock after acquiring an additional 641 shares during the quarter. Bank of New York Mellon Corp owned about 0.49% of Dillard’s worth $27,823,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Dillard’s by 177.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Dillard’s in the 4th quarter valued at about $36,000. Whipplewood Advisors LLC raised its stake in Dillard’s by 2,980.0% in the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company’s stock valued at $55,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Dillard’s by 986.7% in the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company’s stock valued at $59,000 after buying an additional 148 shares during the period. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in Dillard’s in the 4th quarter valued at about $70,000. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Price Performance

NYSE:DDS opened at $441.43 on Thursday. The business’s 50-day moving average price is $412.62 and its 200 day moving average price is $405.12. The firm has a market cap of $6.90 billion, a P/E ratio of 12.20 and a beta of 0.99. Dillard’s, Inc. has a 52-week low of $282.24 and a 52-week high of $510.00. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, beating the consensus estimate of $9.10 by $1.29. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a return on equity of 30.52% and a net margin of 8.93%. During the same quarter in the previous year, the business posted $11.10 EPS. As a group, sell-side analysts predict that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.23%. Dillard’s’s dividend payout ratio (DPR) is currently 2.76%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. UBS Group increased their target price on Dillard’s from $150.00 to $170.00 and gave the company a “sell” rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research note 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.