State Street Corp increased its holdings in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,515 shares of the company’s stock after purchasing an additional 2,758 shares during the period. State Street Corp’s holdings in Dillard’s were worth $29,377,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Dillard’s by 31.0% during the second quarter. SG Americas Securities LLC now owns 330 shares of the company’s stock worth $145,000 after acquiring an additional 78 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Dillard’s by 5,025.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 410 shares of the company’s stock worth $181,000 after purchasing an additional 402 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Dillard’s in the second quarter valued at about $26,000. TrueMark Investments LLC bought a new stake in shares of Dillard’s in the second quarter valued at about $445,000. Finally, Principal Financial Group Inc. boosted its position in shares of Dillard’s by 7.2% during the second quarter. Principal Financial Group Inc. now owns 4,579 shares of the company’s stock worth $2,017,000 after buying an additional 308 shares during the period. 67.15% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently weighed in 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 raised their price target on 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 upped their price objective on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research note on Friday, November 15th.
Dillard’s Stock Up 0.6 %
Shares of DDS stock opened at $434.34 on Friday. Dillard’s, Inc. has a 52-week low of $328.00 and a 52-week high of $476.48. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 11.18 and a beta of 0.89. The firm’s 50-day moving average is $414.48 and its 200-day moving average is $398.00. 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 Announces Dividend
The firm also recently announced a dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be paid a dividend of $25.00 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a dividend yield of 5.68%. Dillard’s’s dividend payout ratio is currently 2.57%.
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.
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