Royal Bank of Canada Sells 603 Shares of Dillard’s, Inc. (NYSE:DDS)

Royal Bank of Canada lessened its position in Dillard’s, Inc. (NYSE:DDS) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,071 shares of the company’s stock after selling 603 shares during the quarter. Royal Bank of Canada’s holdings in Dillard’s were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAM Holding AG bought a new position in Dillard’s in the second quarter valued at $875,000. Aperio Group LLC grew its stake in shares of Dillard’s by 31.8% during the second quarter. Aperio Group LLC now owns 25,871 shares of the company’s stock valued at $1,611,000 after buying an additional 6,245 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Dillard’s by 88.9% during the second quarter. Holocene Advisors LP now owns 9,014 shares of the company’s stock valued at $561,000 after buying an additional 4,241 shares during the last quarter. Newport Trust Co grew its stake in shares of Dillard’s by 1.1% during the second quarter. Newport Trust Co now owns 7,305,792 shares of the company’s stock valued at $455,005,000 after buying an additional 78,952 shares during the last quarter. Finally, Atria Investments LLC bought a new position in shares of Dillard’s during the second quarter valued at about $524,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DDS traded up $1.85 on Friday, reaching $72.33. 2,006 shares of the company traded hands, compared to its average volume of 363,056. The business’s 50-day simple moving average is $65.64 and its 200 day simple moving average is $64.42. Dillard’s, Inc. has a 52 week low of $47.95 and a 52 week high of $86.71. The stock has a market capitalization of $1.77 billion, a P/E ratio of 11.84 and a beta of 1.13. The company has a current ratio of 1.86, a quick ratio of 0.26 and a debt-to-equity ratio of 0.37.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.97). Dillard’s had a net margin of 2.04% and a return on equity of 7.23%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted ($0.10) earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Dillard’s, Inc. will post 3.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Dillard’s’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Dillard’s’s dividend payout ratio (DPR) is presently 9.80%.

A number of research analysts have recently issued reports on DDS shares. ValuEngine raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $56.00 price objective (down from $62.00) on shares of Dillard’s in a research note on Wednesday, August 14th. Deutsche Bank reduced their price objective on Dillard’s from $49.00 to $36.00 and set a “sell” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. reduced their price objective on Dillard’s from $54.00 to $37.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $58.00 price objective (down from $65.00) on shares of Dillard’s in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $54.33.

In related news, Director H. Lee Hastings III sold 3,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $72.20, for a total value of $216,600.00. Following the sale, the director now directly owns 14,312 shares of the company’s stock, valued at $1,033,326.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.10% of the stock is owned by company insiders.

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.

Further Reading: Why investors pay attention to retained earnings

Want to see what other hedge funds are holding DDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dillard’s, Inc. (NYSE:DDS).

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

Receive News & Ratings for Dillard's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's and related companies with MarketBeat.com's FREE daily email newsletter.