Royce & Associates LP Sells 710 Shares of Dillard’s, Inc. (NYSE:DDS)

Royce & Associates LP lowered its holdings in Dillard’s, Inc. (NYSE:DDS) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,508 shares of the company’s stock after selling 710 shares during the quarter. Royce & Associates LP owned approximately 0.19% of Dillard’s worth $12,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Frank Rimerman Advisors LLC purchased a new position in Dillard’s during the third quarter valued at approximately $611,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Dillard’s by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock valued at $881,000 after acquiring an additional 97 shares during the period. Millennium Management LLC raised its position in shares of Dillard’s by 38.4% in the 2nd quarter. Millennium Management LLC now owns 29,030 shares of the company’s stock worth $12,785,000 after acquiring an additional 8,051 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Dillard’s by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after purchasing an additional 52,974 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Dillard’s by 25.8% during the third quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $165,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Performance

DDS opened at $426.92 on Friday. The firm’s 50-day moving average price is $376.07 and its 200-day moving average price is $397.95. The company has a market cap of $6.91 billion, a P/E ratio of 10.99 and a beta of 0.86. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 0.27. Dillard’s, Inc. has a 52-week low of $314.57 and a 52-week high of $476.48.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, August 15th. The company reported $4.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.97 by ($1.38). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Dillard’s had a return on equity of 34.29% and a net margin of 9.94%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $7.98 EPS. As a group, equities analysts anticipate that Dillard’s, Inc. will post 31.2 EPS for the current fiscal year.

Dillard’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. Dillard’s’s dividend payout ratio is currently 2.57%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday. Telsey Advisory Group raised their target price on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday. Finally, UBS Group upped their price target on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday.

Insider Buying and Selling at Dillard’s

In related news, Director Robert C. Connor purchased 100 shares of Dillard’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $346.82 per share, for a total transaction of $34,682.00. Following the completion of the transaction, the director now owns 78,000 shares in the company, valued at $27,051,960. The trade was a 0.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 33.80% of the company’s stock.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.