JPMorgan Chase & Co. Sells 3,846 Shares of Dillard’s, Inc. (NYSE:DDS)

JPMorgan Chase & Co. lessened its holdings in shares of Dillard’s, Inc. (NYSE:DDSFree Report) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,455 shares of the company’s stock after selling 3,846 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dillard’s were worth $2,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. bought a new stake in Dillard’s during the 3rd quarter worth approximately $125,388,000. Victory Capital Management Inc. lifted its stake in shares of Dillard’s by 229.1% during the 3rd quarter. Victory Capital Management Inc. now owns 18,249 shares of the company’s stock valued at $7,002,000 after buying an additional 12,704 shares in the last quarter. LMR Partners LLP bought a new position in Dillard’s in the 3rd quarter worth $4,796,000. Millennium Management LLC increased its stake in 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, Hexagon Capital Partners LLC raised its holdings in 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 acquiring an additional 7,006 shares during the period. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the sale, the vice president now owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DDS has been the topic of a number of research analyst reports. StockNews.com cut Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Telsey Advisory Group raised their target price on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Finally, UBS Group boosted their price target 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.

View Our Latest Analysis on Dillard’s

Dillard’s Trading Up 3.2 %

Shares of DDS opened at $465.03 on Tuesday. The stock has a market capitalization of $7.39 billion, a PE ratio of 11.97 and a beta of 0.89. The company’s fifty day moving average is $441.91 and its 200 day moving average is $400.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $476.48.

Dillard’s Announces Dividend

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

About Dillard’s

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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