Mirae Asset Global Investments Co. Ltd. Lowers Position in Dillard’s, Inc. (NYSE:DDS)

Mirae Asset Global Investments Co. Ltd. lessened its stake in Dillard’s, Inc. (NYSE:DDS) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108 shares of the company’s stock after selling 69 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dillard’s were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DDS. Pacer Advisors Inc. acquired a new stake in shares of Dillard’s in the third quarter valued at approximately $125,388,000. Victory Capital Management Inc. increased its position in Dillard’s by 229.1% during the third 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. LMR Partners LLP acquired a new position in shares of Dillard’s in the third quarter worth $4,796,000. State Street Corp raised its holdings in shares of 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 acquiring an additional 2,758 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Dillard’s by 49.3% in the third quarter. Quantbot Technologies LP now owns 5,659 shares of the company’s stock valued at $2,171,000 after acquiring an additional 1,868 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Price Performance

Dillard’s stock opened at $494.00 on Friday. Dillard’s, Inc. has a 1 year low of $328.00 and a 1 year high of $503.14. 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 firm has a 50 day moving average price of $457.05 and a 200 day moving average price of $407.92. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 12.72 and a beta of 0.88.

Dillard’s Dividend Announcement

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

Insider Transactions at Dillard’s

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of Dillard’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the transaction, the vice president now directly owns 1,167 shares of the company’s stock, valued at $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

DDS has been the subject of a number of recent research reports. StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group increased 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. 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 report on Friday, November 15th.

Dillard’s Company Profile

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.