Royce & Associates LP Has $11.22 Million Holdings in Dillard’s, Inc. (NYSE:DDS)

Royce & Associates LP trimmed its position in Dillard’s, Inc. (NYSE:DDS) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,998 shares of the company’s stock after selling 5,510 shares during the quarter. Royce & Associates LP owned approximately 0.16% of Dillard’s worth $11,224,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DDS. Balboa Wealth Partners acquired a new position in Dillard’s in the 4th quarter worth approximately $4,029,000. PNC Financial Services Group Inc. lifted its holdings in shares of Dillard’s by 177.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Dillard’s in the fourth quarter worth $374,000. Raymond James Financial Inc. purchased a new position in shares of Dillard’s during the fourth quarter valued at $556,000. Finally, Proficio Capital Partners LLC acquired a new position in Dillard’s during the fourth quarter valued at $7,270,000. 67.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a research report on Wednesday, February 26th. Finally, UBS Group increased their target price on shares of Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a research report on Friday, February 28th.

Insider Buying and Selling at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the business’s stock in a transaction on 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 directly owns 1,167 shares in the company, valued at approximately $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 33.80% of the company’s stock.

Dillard’s Stock Performance

Shares of DDS stock opened at $361.46 on Tuesday. The firm has a market cap of $5.75 billion, a P/E ratio of 9.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $510.00. The stock’s 50-day moving average is $445.10 and its two-hundred day moving average is $416.06.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $15.44 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts predict that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, March 31st. Dillard’s’s payout ratio is 2.71%.

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.