Bank of New York Mellon Corp Sells 10,346 Shares of Dillard’s, Inc. (NYSE:DDS)

Bank of New York Mellon Corp trimmed its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 22.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 36,309 shares of the company’s stock after selling 10,346 shares during the period. Bank of New York Mellon Corp owned approximately 0.22% of Dillard’s worth $15,990,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Dillard’s in the first quarter worth about $68,000. SG Americas Securities LLC raised its holdings in shares of Dillard’s by 31.0% in the 2nd quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after buying an additional 78 shares in the last quarter. Quest Partners LLC bought a new position in shares of Dillard’s during the 4th quarter worth approximately $150,000. Blue Trust Inc. boosted its stake in Dillard’s by 45.1% in the 2nd quarter. Blue Trust Inc. now owns 341 shares of the company’s stock valued at $161,000 after buying an additional 106 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Dillard’s in the fourth quarter valued at $223,000. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Trading Up 0.9 %

DDS stock opened at $346.97 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.14 and a quick ratio of 1.62. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 7.89 and a beta of 0.85. The business has a fifty day moving average price of $387.70 and a 200 day moving average price of $416.49. Dillard’s, Inc. has a fifty-two week low of $286.39 and a fifty-two week high of $476.48.

Dillard’s (NYSE:DDS) last released 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.53 billion. Dillard’s had a net margin of 9.94% and a return on equity of 34.29%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.98 earnings per share. Analysts expect that Dillard’s, Inc. will post 32.27 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. Dillard’s’s payout ratio is 2.27%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DDS shares. UBS Group cut their price objective on Dillard’s from $202.00 to $194.00 and set a “sell” rating for the company in a report on Friday, August 16th. Telsey Advisory Group reduced their price target on shares of Dillard’s from $475.00 to $380.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th.

Insider Activity

In related news, Director Robert C. Connor acquired 100 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $346.82 per share, for a total transaction of $34,682.00. Following the transaction, the director now directly owns 78,000 shares of the company’s stock, valued at approximately $27,051,960. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 33.80% of the stock is owned by insiders.

Dillard’s 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.