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

Dillard’s, Inc. (NYSE:DDS) shares gapped up before the market opened on Friday after the company announced a dividend. 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. Stockholders of record on Friday, December 13th will be issued a $25.00 dividend. The ex-dividend date is Friday, December 13th. Dillard’s’s payout ratio is currently 2.57%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DDS. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th. UBS Group raised their price objective on 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 upped their target price on Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, November 15th.

Dillard’s Trading Up 2.8 %

The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.22 billion, a PE ratio of 11.48 and a beta of 0.86. The business’s 50-day simple moving average is $385.11 and its 200-day simple moving average is $397.80.

Institutional Trading of Dillard’s

Institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC increased its position in Dillard’s by 6.3% in the 1st quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock worth $289,000 after purchasing an additional 36 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Dillard’s by 11.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock valued at $175,000 after buying an additional 45 shares in the last quarter. US Bancorp DE increased its holdings in Dillard’s by 61.3% in the third 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. AQR Capital Management LLC raised its position in Dillard’s by 1.9% during the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock valued at $1,209,000 after acquiring an additional 50 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Dillard’s in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

About Dillard’s

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.