Geode Capital Management LLC Sells 140 Shares of Dillard’s, Inc. (NYSE:DDS)

Geode Capital Management LLC decreased its position in Dillard’s, Inc. (NYSE:DDS) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,216 shares of the company’s stock after selling 140 shares during the quarter. Geode Capital Management LLC owned approximately 0.38% of Dillard’s worth $23,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Dillard’s in the 3rd quarter worth about $125,388,000. Renaissance Technologies LLC boosted its stake in Dillard’s by 36.0% during the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after acquiring an additional 32,900 shares in the last quarter. State Street Corp grew its holdings in Dillard’s by 3.7% in the third quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after purchasing an additional 2,758 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of Dillard’s by 16.7% during the third quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company’s stock valued at $18,803,000 after purchasing an additional 7,006 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Dillard’s by 2.0% during the second quarter. American Century Companies Inc. now owns 42,803 shares of the company’s stock valued at $18,850,000 after purchasing an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on DDS shares. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Telsey Advisory Group raised their price target on 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 lifted their price target on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday, November 15th.

Dillard’s Price Performance

Shares of DDS opened at $455.28 on Friday. Dillard’s, Inc. has a twelve month low of $328.00 and a twelve month high of $476.48. The company has a market capitalization of $7.24 billion, a P/E ratio of 11.72 and a beta of 0.89. The firm has a 50 day moving average of $421.76 and a 200 day moving average of $399.05. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27.

Dillard’s Dividend Announcement

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