Dillard’s (NYSE:DDS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Dillard’s (NYSE:DDSFree Report) from a hold rating to a buy rating in a report issued on Friday morning.

Several other equities research analysts have also commented on DDS. 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 research report on Friday. UBS Group upped their target price on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday.

View Our Latest Report on DDS

Dillard’s Trading Up 1.0 %

Shares of DDS stock opened at $431.13 on Friday. Dillard’s has a 1-year low of $328.00 and a 1-year high of $476.48. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $376.07 and a 200-day moving average of $397.49. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 10.84 and a beta of 0.86.

Dillard’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.23%. Dillard’s’s payout ratio is currently 2.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new position in Dillard’s in the second quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in Dillard’s in the third quarter worth approximately $29,000. US Bancorp DE boosted 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 acquiring an additional 49 shares in the last quarter. Point72 Hong Kong Ltd boosted its holdings in Dillard’s by 430.3% in the second quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock worth $77,000 after acquiring an additional 142 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Dillard’s in the third quarter worth approximately $70,000. Institutional investors own 67.15% of the company’s stock.

About Dillard’s

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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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