Royce & Associates LP Decreases Stock Position in Dillard's, Inc. (NYSE:DDS)

Royce & Associates LP reduced its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,998 shares of the company's stock after selling 5,510 shares during the quarter. Royce & Associates LP owned 0.16% of Dillard's worth $11,224,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DDS. PNC Financial Services Group Inc. raised its holdings in Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock valued at $26,000 after buying an additional 39 shares during the last quarter. US Bancorp DE increased its position in shares of Dillard's by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company's stock valued at $49,000 after acquiring an additional 49 shares during the period. Blue Trust Inc. raised its stake in shares of Dillard's by 20.7% during the fourth quarter. Blue Trust Inc. now owns 518 shares of the company's stock valued at $224,000 after acquiring an additional 89 shares during the last quarter. KBC Group NV raised its stake in shares of Dillard's by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company's stock valued at $93,000 after acquiring an additional 99 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Dillard's by 3.3% during the third quarter. Tidal Investments LLC now owns 4,854 shares of the company's stock worth $1,862,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 67.15% of the company's stock.

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Dillard's Trading Down 1.7 %

Shares of NYSE DDS traded down $6.25 during midday trading on Friday, hitting $353.37. 752,393 shares of the company traded hands, compared to its average volume of 130,309. Dillard's, Inc. has a 12-month low of $328.00 and a 12-month high of $510.00. The firm has a market cap of $5.62 billion, a P/E ratio of 9.10 and a beta of 0.89. The stock has a 50-day moving average price of $439.97 and a 200 day moving average price of $415.54. 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 posted its quarterly earnings data on Tuesday, February 25th. The company reported $13.48 earnings per share for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard's had a return on equity of 32.13% and a net margin of 9.55%. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period in the previous year, the firm posted $15.44 EPS. The business's revenue was down 5.0% on a year-over-year basis. As a group, 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 issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. Dillard's's dividend payout ratio (DPR) is 2.71%.

Wall Street Analyst Weigh In

A number of research analysts have commented on DDS shares. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Wednesday. UBS Group boosted their target price 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, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $450.00 price target on shares of Dillard's in a research note on Wednesday, February 26th.

Insider Buying and Selling at Dillard's

In other Dillard's news, VP Tom W. Bolin sold 300 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 33.80% of the company's stock.

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.