Bank of America Corp DE Has $2 Million Position in Dillard's, Inc. (NYSE:DDS)

Bank of America Corp DE trimmed its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,633 shares of the company's stock after selling 9,201 shares during the quarter. Bank of America Corp DE's holdings in Dillard's were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after acquiring an additional 39 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Dillard's during the 4th quarter valued at $36,000. KBC Group NV lifted its position in shares of Dillard's by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after acquiring an additional 99 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Dillard's during the 4th quarter valued at $108,000. Finally, US Bancorp DE raised its holdings in shares of Dillard's by 102.3% during the 4th quarter. US Bancorp DE now owns 261 shares of the company's stock worth $113,000 after buying an additional 132 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Dillard's Price Performance

Shares of Dillard's stock traded up $2.25 during trading on Wednesday, reaching $399.82. 109,065 shares of the company's stock were exchanged, compared to its average volume of 143,555. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard's, Inc. has a 1-year low of $282.24 and a 1-year high of $510.00. The company has a market cap of $6.36 billion, a P/E ratio of 10.29 and a beta of 0.96. The firm's 50-day moving average price is $357.63 and its 200 day moving average price is $409.86.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.10 by $1.29. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $11.10 EPS. As a group, research analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. Dillard's's payout ratio is presently 2.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DDS. Wall Street Zen raised Dillard's from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. UBS Group boosted their price target on Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a report on Friday, May 16th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $450.00 price target on shares of Dillard's in a report on Friday, May 16th.

About Dillard's

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.