Bank of New York Mellon Corp raised its position in shares of Dillard’s, Inc. (NYSE:DDS) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 903,837 shares of the company’s stock after buying an additional 15,552 shares during the period. Bank of New York Mellon Corp owned approximately 3.10% of Dillard’s worth $52,142,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC raised its position in Dillard’s by 0.5% in the second quarter. Aperio Group LLC now owns 14,433 shares of the company’s stock worth $833,000 after buying an additional 74 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Dillard’s by 3.3% in the second quarter. Wedge Capital Management L L P NC now owns 6,857 shares of the company’s stock valued at $396,000 after buying an additional 216 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Dillard’s by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 23,342 shares of the company’s stock valued at $1,219,000 after buying an additional 234 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Dillard’s by 16.4% in the second quarter. LS Investment Advisors LLC now owns 1,995 shares of the company’s stock valued at $115,000 after buying an additional 281 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Dillard’s by 4.2% in the second quarter. Capstone Asset Management Co. now owns 7,860 shares of the company’s stock valued at $453,000 after buying an additional 320 shares in the last quarter. 94.10% of the stock is owned by institutional investors and hedge funds.

Dillard’s, Inc. (NYSE DDS) opened at 60.36 on Friday. Dillard’s, Inc. has a 12 month low of $45.51 and a 12 month high of $83.44. The stock has a 50 day moving average price of $64.62 and a 200 day moving average price of $56.13. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 14.95 and a beta of 1.13.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.77. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Dillard’s had a return on equity of 7.89% and a net margin of 2.04%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Analysts anticipate that Dillard’s, Inc. will post $3.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Dillard’s’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. Dillard’s’s dividend payout ratio is presently 7.12%.

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Several brokerages have recently issued reports on DDS. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub lowered Dillard’s from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. J P Morgan Chase & Co reissued an “underweight” rating and issued a $36.00 target price (down previously from $49.00) on shares of Dillard’s in a research report on Thursday, August 10th. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG increased their target price on Dillard’s from $39.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $56.00.

In other news, major shareholder David Einhorn sold 35,125 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total transaction of $1,808,937.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 23.27% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.

Institutional Ownership by Quarter for Dillard`s (NYSE:DDS)

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