Royce & Associates LP Lowers Stock Holdings in Dillard's, Inc. (NYSE:DDS)

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 position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 22.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,238 shares of the company's stock after selling 5,760 shares during the quarter. Royce & Associates LP owned about 0.13% of Dillard's worth $7,248,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DDS. Raymond James Financial Inc. purchased a new position in Dillard's during the 4th quarter worth approximately $556,000. Corient Private Wealth LLC purchased a new position in shares of Dillard's in the 4th quarter valued at approximately $288,000. KLP Kapitalforvaltning AS purchased a new position in shares of Dillard's in the 4th quarter valued at approximately $680,000. JPMorgan Chase & Co. grew its stake in shares of Dillard's by 37.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,256 shares of the company's stock valued at $4,428,000 after purchasing an additional 2,801 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Dillard's in the 4th quarter valued at approximately $4,484,000. Hedge funds and other institutional investors own 67.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DDS shares. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $450.00 target price on shares of Dillard's in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price target on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a report on Monday. Finally, UBS Group raised their price target on Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a report on Friday, May 16th.

Dillard's Price Performance

Shares of DDS traded up $13.42 during mid-day trading on Monday, hitting $512.55. The company's stock had a trading volume of 123,588 shares, compared to its average volume of 144,117. The firm has a 50-day simple moving average of $425.20 and a 200 day simple moving average of $406.25. The firm has a market capitalization of $8.02 billion, a P/E ratio of 14.16 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 current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.10 by $1.29. The firm had revenue of $1.54 billion during 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 earnings per share. Analysts predict that Dillard's, Inc. will post 33.25 EPS 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. Stockholders of record on Monday, June 30th will be issued a $0.25 dividend. 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 0.20%. Dillard's's dividend payout ratio (DPR) is 2.76%.

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.