Dillard’s (NYSE:DDS) Shares Gap Up Following Dividend Announcement

Dillard’s, Inc. (NYSE:DDS)’s share price gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $434.02, but opened at $448.35. Dillard’s shares last traded at $441.08, with a volume of 19,065 shares changing hands.

The newly announced dividend which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a dividend of $25.00 per share. The ex-dividend date of this dividend is Friday, December 13th. Dillard’s’s dividend payout ratio is presently 2.57%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Telsey Advisory Group boosted 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 target price on shares of Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research note on Friday, November 15th.

Dillard’s Trading Up 2.8 %

The business’s 50 day moving average price is $385.11 and its two-hundred day moving average price is $397.80. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 11.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Institutional Trading of Dillard’s

A number of institutional investors have recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC acquired a new stake in Dillard’s during the second quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in Dillard’s in the 3rd quarter valued at approximately $29,000. US Bancorp DE increased its stake in Dillard’s by 61.3% in the 3rd 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. Point72 Hong Kong Ltd increased its stake in Dillard’s by 430.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after buying an additional 142 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Dillard’s in the 3rd quarter valued at approximately $70,000. 67.15% of the stock is owned by institutional investors and hedge funds.

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.