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

Royce & Associates LP decreased its holdings in Dillard’s, Inc. (NYSE:DDS) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,567 shares of the company’s stock after selling 2,780 shares during the quarter. Royce & Associates LP owned 0.13% of Dillard’s worth $12,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Dillard’s by 24.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,681 shares of the company’s stock worth $17,624,000 after acquiring an additional 5,604 shares during the period. Nisa Investment Advisors LLC raised its stake in Dillard’s by 16.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,794 shares of the company’s stock worth $11,289,000 after acquiring an additional 2,575 shares during the period. American Century Companies Inc. raised its stake in Dillard’s by 15.4% during the 3rd quarter. American Century Companies Inc. now owns 50,010 shares of the company’s stock worth $30,730,000 after acquiring an additional 6,682 shares during the period. Monument Capital Management raised its stake in Dillard’s by 818.6% during the 4th quarter. Monument Capital Management now owns 4,198 shares of the company’s stock worth $2,545,000 after acquiring an additional 3,741 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in Dillard’s during the 4th quarter worth approximately $1,423,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DDS shares. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Dillard’s in a research note on Friday, May 22nd. UBS Group raised their target price on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research note on Wednesday, May 6th. Finally, Telsey Advisory Group reduced their price objective on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $521.33.

Dillard’s Trading Up 2.3%

Dillard’s stock opened at $590.09 on Thursday. The stock has a market cap of $9.22 billion, a P/E ratio of 14.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.31. Dillard’s, Inc. has a 1 year low of $386.85 and a 1 year high of $741.97. The firm’s 50 day moving average price is $574.40 and its 200-day moving average price is $617.23.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping the consensus estimate of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.89%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the business posted $10.39 earnings per share. Dillard’s’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Dillard’s, Inc. will post 33.2 earnings per share for the current fiscal year.

Dillard’s Profile

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.