Bank of America Corp DE reduced its stake in Dillard’s, Inc. (NYSE:DDS) by 2.3% during the second quarter, HoldingsChannel reports. The firm owned 133,759 shares of the company’s stock after selling 3,184 shares during the quarter. Bank of America Corp DE’s holdings in Dillard’s were worth $12,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. NumerixS Investment Technologies Inc bought a new stake in shares of Dillard’s in the 2nd quarter worth approximately $126,000. GSA Capital Partners LLP bought a new stake in shares of Dillard’s in the 1st quarter worth approximately $201,000. CIBC World Markets Inc. bought a new stake in shares of Dillard’s in the 1st quarter worth approximately $271,000. Xact Kapitalforvaltning AB bought a new stake in shares of Dillard’s in the 2nd quarter worth approximately $284,000. Finally, Element Capital Management LLC bought a new stake in shares of Dillard’s in the 1st quarter worth approximately $315,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Warren A. Stephens acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was bought at an average cost of $76.41 per share, for a total transaction of $764,100.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Connor acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was purchased at an average price of $75.42 per share, with a total value of $75,420.00. Following the completion of the acquisition, the director now owns 68,000 shares in the company, valued at $5,128,560. The disclosure for this purchase can be found here. 19.10% of the stock is owned by insiders.

A number of analysts have recently commented on the company. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut Dillard’s from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Wedbush assumed coverage on Dillard’s in a research report on Wednesday, August 8th. They issued an “outperform” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Dillard’s to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Dillard’s presently has a consensus rating of “Hold” and an average price target of $75.43.

Shares of NYSE DDS opened at $72.87 on Friday. Dillard’s, Inc. has a twelve month low of $49.91 and a twelve month high of $98.75. The company has a market capitalization of $2.10 billion, a P/E ratio of 15.18, a PEG ratio of 1.26 and a beta of 0.85. The company has a quick ratio of 0.23, a current ratio of 1.71 and a debt-to-equity ratio of 0.34.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 16th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.33. Dillard’s had a net margin of 3.84% and a return on equity of 10.20%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business earned ($0.58) EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Dillard’s, Inc. will post 6.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Friday, September 28th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. Dillard’s’s payout ratio is currently 8.33%.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.

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

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