Bank of New York Mellon Corp Buys 641 Shares of Dillard's, Inc. (NYSE:DDS)

Bank of New York Mellon Corp raised its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,691 shares of the company's stock after buying an additional 641 shares during the period. Bank of New York Mellon Corp owned 0.49% of Dillard's worth $27,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDS. Beacon Pointe Advisors LLC lifted its position in shares of Dillard's by 0.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 152,756 shares of the company's stock worth $65,951,000 after purchasing an additional 480 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Dillard's by 47.0% during the fourth quarter. First Trust Advisors LP now owns 81,779 shares of the company's stock worth $35,307,000 after purchasing an additional 26,132 shares in the last quarter. Millennium Management LLC lifted its position in shares of Dillard's by 3,989.8% during the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after purchasing an additional 36,866 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of Dillard's by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the company's stock worth $11,509,000 after purchasing an additional 76 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its position in shares of Dillard's by 218.3% during the fourth quarter. Gotham Asset Management LLC now owns 26,569 shares of the company's stock worth $11,471,000 after purchasing an additional 18,221 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard's Trading Down 0.1%

NYSE DDS traded down $0.45 during trading hours on Friday, hitting $461.22. The company's stock had a trading volume of 79,077 shares, compared to its average volume of 146,440. The stock has a fifty day moving average of $414.59 and a 200 day moving average of $405.27. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00. The firm has a market capitalization of $7.21 billion, a P/E ratio of 12.74 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, beating the consensus estimate of $9.10 by $1.29. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $11.10 earnings per share. Equities research analysts forecast that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

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 is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.22%. Dillard's's dividend payout ratio (DPR) is presently 2.76%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DDS. Telsey Advisory Group reiterated a "market perform" rating and set a $450.00 target price on shares of Dillard's in a research report on Friday, May 16th. UBS Group upped their target price on shares of Dillard's from $150.00 to $170.00 and gave the stock a "sell" rating in a research report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Dillard's Company 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.