Geode Capital Management LLC Reduces Stock Position in Dillard’s, Inc. (NYSE:DDS)

Geode Capital Management LLC trimmed its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,216 shares of the company’s stock after selling 140 shares during the period. Geode Capital Management LLC’s holdings in Dillard’s were worth $23,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Dillard’s by 11.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock worth $175,000 after purchasing an additional 45 shares during the period. US Bancorp DE boosted its stake in shares of Dillard’s by 61.3% in the 3rd 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 grew its holdings in shares of Dillard’s by 1.9% in the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock worth $1,209,000 after acquiring an additional 50 shares during the period. Capital Performance Advisors LLP purchased a new stake in Dillard’s during the third quarter valued at $29,000. Finally, Blue Trust Inc. lifted its holdings in Dillard’s by 25.8% in the third quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $165,000 after acquiring an additional 88 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Dillard’s Price Performance

NYSE DDS opened at $455.28 on Friday. The business’s fifty day moving average is $421.76 and its 200 day moving average is $399.05. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $476.48. 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 company has a market capitalization of $7.24 billion, a PE ratio of 11.72 and a beta of 0.89.

Dillard’s Dividend Announcement

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

Dillard’s 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.