Dillard’s (NYSE:DDS) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Dillard’s (NYSE:DDS) from a buy rating to a hold rating in a research report released on Monday morning.

A number of other brokerages have also issued reports on DDS. UBS Group raised their price target on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research note on Friday, November 15th. Telsey Advisory Group increased their price objective on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

Dillard’s Price Performance

NYSE:DDS opened at $438.26 on Monday. Dillard’s has a 12-month low of $328.00 and a 12-month high of $476.48. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 11.28 and a beta of 0.89. The company’s 50-day moving average is $436.16 and its two-hundred day moving average is $400.16. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard’s Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were issued a $25.00 dividend. This represents a yield of 5.68%. The ex-dividend date of this dividend was Friday, December 13th. Dillard’s’s payout ratio is currently 2.57%.

Institutional Investors Weigh In On Dillard’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dillard’s by 11.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock valued at $175,000 after purchasing an additional 45 shares in the last quarter. US Bancorp DE raised its position in Dillard’s by 61.3% during the third quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after buying an additional 49 shares during the period. AQR Capital Management LLC lifted its stake in Dillard’s by 1.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock worth $1,209,000 after acquiring an additional 50 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Dillard’s during the 3rd quarter worth about $29,000. Finally, Blue Trust Inc. grew its stake in Dillard’s by 25.8% during the 3rd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $165,000 after acquiring an additional 88 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Dillard’s

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.