Dillard’s, Inc. (DDS) Shares Sold by Evercore Trust Company N.A.

Evercore Trust Company N.A. reduced its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,720,834 shares of the company’s stock after selling 61,797 shares during the period. Dillard’s accounts for 1.4% of Evercore Trust Company N.A.’s portfolio, making the stock its 11th largest position. Evercore Trust Company N.A. owned approximately 26.45% of Dillard’s worth $445,415,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in DDS. Guggenheim Capital LLC acquired a new stake in Dillard’s during the fourth quarter valued at $319,000. Teachers Advisors LLC raised its stake in Dillard’s by 56.6% in the fourth quarter. Teachers Advisors LLC now owns 35,799 shares of the company’s stock valued at $2,244,000 after buying an additional 12,932 shares during the period. Bank of Montreal Can raised its stake in Dillard’s by 20.7% in the first quarter. Bank of Montreal Can now owns 4,124 shares of the company’s stock valued at $215,000 after buying an additional 708 shares during the period. Capstone Asset Management Co. acquired a new stake in Dillard’s during the first quarter valued at $394,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Dillard’s during the first quarter valued at $334,000. 90.72% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s, Inc. (DDS) opened at 55.70 on Friday. The company has a market capitalization of $1.62 billion, a P/E ratio of 13.79 and a beta of 1.12. Dillard’s, Inc. has a 52-week low of $45.51 and a 52-week high of $83.44. The firm has a 50-day moving average price of $64.30 and a 200 day moving average price of $55.96.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, September 28th. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s payout ratio is 7.12%.

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Several analysts recently weighed in on DDS shares. Deutsche Bank AG reduced their price objective on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a research note on Friday, May 12th. Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. BidaskClub lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $56.00.

In other news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $51.50, for a total value of $1,808,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.27% of the company’s stock.

About Dillard’s

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.