Bank of New York Mellon Corp Raises Position in Dillard’s, Inc. (NYSE:DDS)

Bank of New York Mellon Corp grew its position in Dillard’s, Inc. (NYSE:DDS) by 107.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,050 shares of the company’s stock after acquiring 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 quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Dillard’s by 3.7% in the third quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after acquiring an additional 2,758 shares in the last quarter. Consolidated Planning Corp boosted its holdings in shares of Dillard’s by 154.5% in the fourth quarter. Consolidated Planning Corp now owns 1,514 shares of the company’s stock valued at $654,000 after acquiring an additional 919 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Dillard’s in the third quarter valued at about $125,388,000. Quantbot Technologies LP boosted its holdings in shares of Dillard’s by 49.3% in the third quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock valued at $2,171,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Dillard’s by 10.1% in the third quarter. Stifel Financial Corp now owns 5,105 shares of the company’s stock valued at $1,957,000 after acquiring an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Stock Up 3.3 %

DDS stock opened at $372.39 on Friday. The company has a market cap of $5.92 billion, a P/E ratio of 9.59 and a beta of 0.89. Dillard’s, Inc. has a 52 week low of $328.00 and a 52 week high of $510.00. The company’s 50-day moving average price is $454.56 and its 200 day moving average price is $414.40. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard’s (NYSE:DDS) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $13.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.84 by $3.64. Dillard’s had a net margin of 9.55% and a return on equity of 32.13%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $15.44 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, research analysts expect that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Cuts Dividend

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, March 31st. Dillard’s’s dividend payout ratio (DPR) is presently 2.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group boosted their price objective on shares of Dillard’s from $200.00 to $202.00 and gave the stock a “sell” rating in a report on Friday, February 28th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $450.00 price objective on shares of Dillard’s in a report 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 company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the sale, the vice president now owns 1,167 shares of the company’s stock, valued at $505,836.15. This 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 the SEC website. 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.