Bank of New York Mellon Corp Has $27.82 Million Stock Holdings in Dillard's, Inc. (NYSE:DDS)

Bank of New York Mellon Corp lifted its position in Dillard's, Inc. (NYSE:DDS - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,691 shares of the company's stock after acquiring an additional 641 shares during the quarter. Bank of New York Mellon Corp owned 0.49% of Dillard's worth $27,823,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DDS. PNC Financial Services Group Inc. grew its position in shares of Dillard's by 177.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Dillard's during the 4th quarter valued at approximately $36,000. Whipplewood Advisors LLC boosted its position in Dillard's by 2,980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after purchasing an additional 149 shares during the period. Farther Finance Advisors LLC boosted its position in Dillard's by 986.7% during the 1st quarter. Farther Finance Advisors LLC now owns 163 shares of the company's stock valued at $59,000 after purchasing an additional 148 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Dillard's during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Analyst Upgrades and Downgrades

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

Dillard's Price Performance

Shares of DDS stock traded down $0.45 during mid-day trading on Friday, hitting $461.22. 79,077 shares of the stock traded hands, compared to its average volume of 146,615. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.41. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 12.74 and a beta of 0.99. The company's 50-day simple moving average is $416.57 and its 200-day simple moving average is $405.47. Dillard's, Inc. has a twelve month low of $282.24 and a twelve month high of $510.00.

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. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Dillard's had a return on equity of 30.52% and a net margin of 8.93%. During the same period in the previous year, the firm posted $11.10 EPS. As a group, equities research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current 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 of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. Dillard's's dividend payout ratio is 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.