StockNews.com upgraded shares of Dillard’s (NYSE:DDS – Free 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.
Dillard’s Trading Up 1.0 %
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
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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