Deutsche Bank AG Grows Stock Position in Dillard's, Inc. (NYSE:DDS)

Deutsche Bank AG boosted its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 275.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 976 shares of the company's stock after buying an additional 716 shares during the quarter. Deutsche Bank AG's holdings in Dillard's were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DDS. Consolidated Planning Corp boosted its position in shares of Dillard's by 154.5% during the 4th quarter. Consolidated Planning Corp now owns 1,514 shares of the company's stock valued at $654,000 after acquiring an additional 919 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Dillard's in the fourth quarter valued at about $7,270,000. Wells Fargo & Company MN increased its position in Dillard's by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 783 shares of the company's stock worth $338,000 after buying an additional 68 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Dillard's in the 4th quarter worth about $556,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Dillard's by 107.2% in the 4th quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company's stock valued at $33,266,000 after purchasing an additional 39,858 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Trading Down 0.3%

Dillard's stock traded down $1.03 during trading hours on Wednesday, reaching $396.54. The stock had a trading volume of 16,259 shares, compared to its average volume of 143,227. The company has a fifty day simple moving average of $357.63 and a 200-day simple moving average of $409.86. The stock has a market cap of $6.31 billion, a PE ratio of 10.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. 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 announced its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share for the quarter, topping analysts' consensus estimates of $9.10 by $1.29. Dillard's had a net margin of 9.55% and a return on equity of 32.13%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the company earned $11.10 earnings per share. Analysts forecast that Dillard's, Inc. will post 33.25 EPS for the current fiscal year.

Dillard's Announces Dividend

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

Analyst Ratings Changes

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

Dillard's 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.