Bank of New York Mellon Corp Trims Position in Dillard’s, Inc. $DDS

Bank of New York Mellon Corp lowered its position in shares of Dillard’s, Inc. (NYSE:DDS) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,237 shares of the company’s stock after selling 6,855 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of Dillard’s worth $39,039,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDS. Rockefeller Capital Management L.P. raised its holdings in Dillard’s by 108.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company’s stock valued at $29,000 after acquiring an additional 25 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Dillard’s during the fourth quarter worth $29,000. Quarry LP acquired a new stake in shares of Dillard’s during the third quarter worth $33,000. EverSource Wealth Advisors LLC grew its position in shares of Dillard’s by 790.0% in the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Dillard’s by 6,300.0% in the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock valued at $39,000 after purchasing an additional 63 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dillard’s

In other news, Director J C. Watts, Jr. sold 400 shares of Dillard’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $609.18, for a total value of $243,672.00. Following the transaction, the director directly owned 10,150 shares of the company’s stock, valued at $6,183,177. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 34.80% of the stock is owned by corporate insiders.

Dillard’s Trading Up 1.4%

DDS stock opened at $568.95 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.21. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 13.53 and a beta of 1.15. The business has a fifty day simple moving average of $563.04 and a 200-day simple moving average of $593.31. Dillard’s, Inc. has a 52 week low of $449.64 and a 52 week high of $741.97.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm earned $10.39 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Dillard’s, Inc. will post 35.26 EPS for the current year.

Dillard’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, June 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 30th. Dillard’s’s dividend payout ratio (DPR) is 2.85%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group upped their target price on Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. Weiss Ratings cut Dillard’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Dillard’s currently has an average rating of “Hold” and a consensus price target of $521.33.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.