Bank of New York Mellon Corp Increases Holdings in Dillard's, Inc. (NYSE:DDS)

Bank of New York Mellon Corp boosted its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 107.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,050 shares of the company's stock after purchasing an additional 39,858 shares during the period. Bank of New York Mellon Corp owned about 0.48% of Dillard's worth $33,266,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Dillard's in the third quarter valued at approximately $29,000. US Bancorp DE grew its position in Dillard's by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company's stock valued at $49,000 after purchasing an additional 49 shares during the period. KBC Group NV lifted its stake in shares of Dillard's by 85.3% in the fourth quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after buying an additional 99 shares in the last quarter. Grove Street Fiduciary LLC acquired a new position in shares of Dillard's during the fourth quarter valued at about $222,000. Finally, Blue Trust Inc. increased its position in shares of Dillard's by 20.7% during the fourth quarter. Blue Trust Inc. now owns 518 shares of the company's stock worth $224,000 after acquiring an additional 89 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Insider Transactions at Dillard's

In other Dillard's news, VP Tom W. Bolin sold 300 shares of the firm's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the transaction, the vice president now directly owns 1,167 shares of the company's stock, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 33.80% of the company's stock.

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Dillard's Price Performance

NYSE DDS traded down $11.01 during trading hours on Tuesday, hitting $365.34. The company had a trading volume of 153,848 shares, compared to its average volume of 126,517. The firm has a 50 day simple moving average of $453.26 and a 200 day simple moving average of $415.53. Dillard's, Inc. has a 52 week low of $328.00 and a 52 week high of $510.00. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 9.40 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Dillard's (NYSE:DDS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, topping analysts' consensus estimates of $9.84 by $3.64. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.49 billion. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $15.44 EPS. Equities research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Monday, March 31st. Dillard's's payout ratio is 2.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DDS shares. Telsey Advisory Group reissued a "market perform" rating and issued a $450.00 price objective on shares of Dillard's in a research note on Wednesday, February 26th. UBS Group raised their price objective on Dillard's from $200.00 to $202.00 and gave the company a "sell" rating in a research note on Friday, February 28th. Finally, StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th.

About Dillard's

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.