Bank of New York Mellon Corp Has $32.33 Million Stock Holdings in Dillard’s, Inc. $DDS

Bank of New York Mellon Corp trimmed its position in shares of Dillard’s, Inc. (NYSE:DDS) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 77,372 shares of the company’s stock after selling 319 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dillard’s were worth $32,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DDS. Wedge Capital Management L L P NC increased its position in shares of Dillard’s by 10.3% during the second quarter. Wedge Capital Management L L P NC now owns 8,272 shares of the company’s stock valued at $3,456,000 after purchasing an additional 771 shares during the period. Unison Advisors LLC boosted its stake in Dillard’s by 2.3% during the second quarter. Unison Advisors LLC now owns 7,994 shares of the company’s stock worth $3,342,000 after buying an additional 182 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Dillard’s by 38.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,450 shares of the company’s stock valued at $606,000 after buying an additional 403 shares during the period. Inspire Investing LLC raised its stake in shares of Dillard’s by 217.8% in the 2nd quarter. Inspire Investing LLC now owns 3,048 shares of the company’s stock valued at $1,274,000 after buying an additional 2,089 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Dillard’s during the 1st quarter worth about $1,318,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Trading Up 9.4%

Shares of DDS opened at $662.62 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.68. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 18.27 and a beta of 1.15. The stock has a fifty day moving average price of $603.15 and a two-hundred day moving average price of $497.50. Dillard’s, Inc. has a 52-week low of $282.24 and a 52-week high of $737.73.

Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, November 13th. The company reported $8.31 EPS for the quarter, topping the consensus estimate of $6.48 by $1.83. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.During the same quarter in the previous year, the firm earned $7.73 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts predict that Dillard’s, Inc. will post 33.25 EPS for the current fiscal year.

Dillard’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, September 30th. This is a boost from Dillard’s’s previous quarterly dividend of $0.25. Dillard’s’s dividend payout ratio is 3.31%.

Insider Buying and Selling at Dillard’s

In other news, Director J C. Watts, Jr. sold 750 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $594.60, for a total transaction of $445,950.00. Following the transaction, the director directly owned 10,250 shares in the company, valued at approximately $6,094,650. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 34.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DDS shares. UBS Group upped their target price on shares of Dillard’s from $175.00 to $184.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Wall Street Zen raised Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, October 8th. Finally, Telsey Advisory Group increased their price objective on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Dillard’s currently has an average rating of “Reduce” and a consensus price target of $397.33.

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.