Royce & Associates LP Sells 2,531 Shares of Dillard’s, Inc. $DDS

Royce & Associates LP lowered its position in shares of Dillard’s, Inc. (NYSE:DDS) by 9.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,347 shares of the company’s stock after selling 2,531 shares during the quarter. Royce & Associates LP owned 0.15% of Dillard’s worth $14,346,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in shares of Dillard’s during the third quarter worth $52,000. EverSource Wealth Advisors LLC raised its stake in Dillard’s by 790.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Dillard’s by 43.8% during the third quarter. PNC Financial Services Group Inc. now owns 128 shares of the company’s stock worth $79,000 after acquiring an additional 39 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Dillard’s by 63.3% during the third quarter. Jones Financial Companies Lllp now owns 129 shares of the company’s stock worth $81,000 after acquiring an additional 50 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Dillard’s in the second quarter valued at about $55,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Trading Up 0.6%

NYSE:DDS opened at $606.19 on Tuesday. Dillard’s, Inc. has a twelve month low of $282.24 and a twelve month high of $741.97. The company has a quick ratio of 1.31, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $640.68 and a two-hundred day moving average price of $619.69. The company has a market cap of $9.48 billion, a P/E ratio of 16.65 and a beta of 1.30.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $3.07. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $13.48 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, analysts expect that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s payout ratio is 3.30%.

Analyst Ratings Changes

A number of research firms have recently commented on DDS. UBS Group raised their price target on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Telsey Advisory Group cut their price target on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $519.67.

Dillard’s Profile

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.