Fmr LLC Acquires 790 Shares of Dillard’s, Inc. (NYSE:DDS)

Fmr LLC grew its holdings in Dillard’s, Inc. (NYSE:DDS) by 200.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,185 shares of the company’s stock after buying an additional 790 shares during the quarter. Fmr LLC’s holdings in Dillard’s were worth $455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Frank Rimerman Advisors LLC acquired a new position in Dillard’s in the third quarter worth about $611,000. Pacer Advisors Inc. acquired a new stake in Dillard’s during the third quarter valued at approximately $125,388,000. Quantbot Technologies LP grew its stake in shares of Dillard’s by 49.3% in the 3rd quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock valued at $2,171,000 after purchasing an additional 1,868 shares during the period. Millennium Management LLC raised its holdings in shares of Dillard’s by 38.4% in the 2nd quarter. Millennium Management LLC now owns 29,030 shares of the company’s stock worth $12,785,000 after buying an additional 8,051 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Dillard’s by 229.1% in the 3rd quarter. Victory Capital Management Inc. now owns 18,249 shares of the company’s stock worth $7,002,000 after buying an additional 12,704 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DDS shares. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Telsey Advisory Group lifted their price target on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, UBS Group upped their price objective on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research note on Friday, November 15th.

Dillard’s Price Performance

Dillard’s stock opened at $431.78 on Friday. Dillard’s, Inc. has a 52 week low of $328.00 and a 52 week high of $476.48. The firm has a market cap of $6.87 billion, a P/E ratio of 11.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The business’s fifty day moving average is $413.10 and its two-hundred day moving average is $398.23.

Dillard’s Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be issued a dividend of $25.00 per share. This represents a yield of 5.68%. The ex-dividend date is Friday, December 13th. Dillard’s’s dividend payout ratio is currently 2.57%.

About Dillard’s

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