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

Royce & Associates LP trimmed its stake in Dillard’s, Inc. (NYSE:DDS) by 9.8% in the third quarter, Holdings Channel reports. The firm owned 23,347 shares of the company’s stock after selling 2,531 shares during the quarter. Royce & Associates LP’s holdings in Dillard’s were worth $14,346,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Dillard’s by 322.9% during the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after purchasing an additional 2,680 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dillard’s by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after buying an additional 73 shares during the last quarter. Millennium Management LLC raised its position in Dillard’s by 18.3% during the first quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after acquiring an additional 6,913 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Dillard’s by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock valued at $23,687,000 after acquiring an additional 28,468 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Dillard’s in the 1st quarter valued at about $3,746,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DDS shares. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered their price target on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. Telsey Advisory Group reduced their target price on Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research note on Wednesday, February 25th. Finally, UBS Group boosted their target price on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a report on Friday, November 28th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Dillard’s currently has a consensus rating of “Reduce” and an average price target of $519.67.

Dillard’s Price Performance

Dillard’s stock opened at $606.19 on Tuesday. The company has a market capitalization of $9.48 billion, a price-to-earnings ratio of 16.65 and a beta of 1.30. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. Dillard’s, Inc. has a 12 month low of $282.24 and a 12 month high of $741.97. The stock’s 50 day moving average is $640.68 and its 200-day moving average is $619.69.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 EPS for the quarter, beating analysts’ consensus estimates of $9.98 by $3.07. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $13.48 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts expect 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, May 4th. Investors of record on Tuesday, March 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Dillard’s’s payout ratio is 3.30%.

Dillard’s Company 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.