Royce & Associates LP Reduces Holdings in Dillard’s, Inc. $DDS

Royce & Associates LP trimmed its position in shares of Dillard’s, Inc. (NYSE:DDSFree Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,567 shares of the company’s stock after selling 2,780 shares during the quarter. Royce & Associates LP’s holdings in Dillard’s were worth $12,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in Dillard’s during the third quarter worth $33,000. Global Retirement Partners LLC boosted its stake in Dillard’s by 6,300.0% during the fourth quarter. Global Retirement Partners LLC now owns 64 shares of the company’s stock worth $39,000 after buying an additional 63 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Dillard’s by 790.0% during the second quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the period. Torren Management LLC purchased a new position in Dillard’s during the fourth quarter worth $68,000. Finally, PNC Financial Services Group Inc. boosted its stake in Dillard’s by 43.8% during the third quarter. PNC Financial Services Group Inc. now owns 128 shares of the company’s stock worth $79,000 after buying an additional 39 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Dillard’s Stock Up 2.3%

Shares of DDS opened at $590.09 on Thursday. The firm has a market capitalization of $9.22 billion, a P/E ratio of 14.03 and a beta of 1.17. Dillard’s, Inc. has a 12-month low of $386.85 and a 12-month high of $741.97. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $574.40 and a 200-day moving average price of $617.23.

Dillard’s (NYSE:DDSGet Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, beating the consensus estimate of $10.13 by $5.91. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a return on equity of 31.89% and a net margin of 10.09%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $10.39 earnings per share. Equities research analysts expect that Dillard’s, Inc. will post 33.2 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on DDS. JPMorgan Chase & Co. dropped their price objective on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Telsey Advisory Group lowered their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research note on Wednesday, February 25th. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. UBS Group boosted their target price on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dillard’s in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $521.33.

Read Our Latest Analysis on DDS

About Dillard’s

(Free Report)

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.

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Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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