Franklin Resources Inc. Cuts Stock Holdings in Dillard’s, Inc. (NYSE:DDS)

Franklin Resources Inc. cut its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 78.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,382 shares of the company’s stock after selling 5,123 shares during the quarter. Franklin Resources Inc.’s holdings in Dillard’s were worth $494,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Dillard’s in the 3rd quarter worth approximately $29,000. US Bancorp DE increased its holdings in shares of Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after buying an additional 49 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Dillard’s during the third quarter valued at about $70,000. Point72 Hong Kong Ltd boosted its stake in Dillard’s by 430.3% in the second quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock worth $77,000 after buying an additional 142 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Dillard’s by 1,500.0% during the third quarter. Signaturefd LLC now owns 224 shares of the company’s stock valued at $86,000 after buying an additional 210 shares during the period. Institutional investors own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

DDS has been the subject of several recent analyst reports. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. UBS Group upped their target price on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday, November 15th. Finally, Telsey Advisory Group lifted their price objective on Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

Dillard’s Stock Down 3.3 %

DDS opened at $440.07 on Tuesday. The company has a market capitalization of $7.00 billion, a PE ratio of 11.33 and a beta of 0.89. The firm has a 50-day simple moving average of $422.69 and a two-hundred day simple moving average of $398.89. 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, Inc. has a 52 week low of $328.00 and a 52 week high of $476.48.

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 paid a $25.00 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 5.68%. Dillard’s’s payout ratio is 2.57%.

Dillard’s Company Profile

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.