Dillard's, Inc. (NYSE:DDS) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP has reduced its stake in Dillard's, Inc. by 22.2%, now holding 20,238 shares worth approximately $7,248,000.
• Dillard's reported a quarterly EPS of $10.39, exceeding analyst estimates of $9.10, and had a revenue of $1.54 billion.
• The company has declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.20%.

Royce & Associates LP lessened its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,238 shares of the company's stock after selling 5,760 shares during the quarter. Royce & Associates LP owned approximately 0.13% of Dillard's worth $7,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Dillard's during the fourth quarter worth $36,000. Whipplewood Advisors LLC boosted its position in shares of 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 acquiring an additional 149 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 148 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Dillard's during the 4th quarter valued at about $70,000. Finally, Versant Capital Management Inc boosted its position in shares of Dillard's by 7,566.7% during the 1st quarter. Versant Capital Management Inc now owns 230 shares of the company's stock valued at $82,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DDS shares. Telsey Advisory Group reissued a "market perform" rating and set a $450.00 price target on shares of Dillard's in a research report on Friday, May 16th. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. UBS Group upped their target price 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research report on Monday.

Dillard's Stock Down 0.9%

Dillard's stock traded down $4.58 during mid-day trading on Wednesday, hitting $478.85. The company had a trading volume of 20,429 shares, compared to its average volume of 143,293. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 13.20 and a beta of 0.99. Dillard's, Inc. has a 1 year low of $282.24 and a 1 year high of $514.39. The company has a quick ratio of 1.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $428.67 and a 200 day moving average of $407.25.

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

Dillard's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, June 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.21%. Dillard's's dividend payout ratio is currently 2.76%.

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.