Bank of America Corp DE Sells 9,201 Shares of Dillard's, Inc. (NYSE:DDS)

Bank of America Corp DE decreased its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 66.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,633 shares of the company's stock after selling 9,201 shares during the period. Bank of America Corp DE's holdings in Dillard's were worth $2,000,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Dillard's by 44.4% during the 4th quarter. BNP Paribas Financial Markets now owns 10,002 shares of the company's stock valued at $4,318,000 after buying an additional 3,074 shares during the period. AXA S.A. boosted its stake in shares of Dillard's by 3.0% during the 4th quarter. AXA S.A. now owns 5,285 shares of the company's stock valued at $2,282,000 after buying an additional 152 shares during the period. LGT Financial Advisors LLC acquired a new stake in shares of Dillard's during the 4th quarter valued at $108,000. Northern Trust Corp boosted its stake in shares of Dillard's by 36.1% during the 4th quarter. Northern Trust Corp now owns 25,217 shares of the company's stock valued at $10,887,000 after buying an additional 6,683 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of Dillard's by 0.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock valued at $65,951,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DDS shares. Telsey Advisory Group reissued a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research note on Friday, May 16th. UBS Group lifted their target price on shares of Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

Dillard's Stock Up 2.3%

Shares of Dillard's stock traded up $8.95 during midday trading on Friday, reaching $403.63. 81,107 shares of the company's stock traded hands, compared to its average volume of 144,021. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 10.39 and a beta of 1.00. The company's 50 day simple moving average is $359.19 and its 200 day simple moving average is $409.54. 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 52 week low of $282.24 and a 52 week high of $510.00.

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

Dillard's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. Dillard's's dividend payout ratio is currently 2.76%.

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.