Allianz Asset Management GmbH Buys 20,155 Shares of Dillard’s, Inc. (NYSE:DDS)

Allianz Asset Management GmbH raised its stake in Dillard’s, Inc. (NYSE:DDS) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,561 shares of the company’s stock after purchasing an additional 20,155 shares during the period. Allianz Asset Management GmbH owned 1.33% of Dillard’s worth $91,339,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of Dillard’s in the 3rd quarter valued at about $125,388,000. Clientfirst Wealth Management LLC acquired a new stake in Dillard’s in the fourth quarter valued at approximately $48,873,000. Victory Capital Management Inc. increased its holdings in shares of Dillard’s by 229.1% during the third quarter. Victory Capital Management Inc. now owns 18,249 shares of the company’s stock valued at $7,002,000 after acquiring an additional 12,704 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Dillard’s during the third quarter valued at approximately $4,796,000. Finally, State Street Corp raised its position in shares of Dillard’s by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company’s stock worth $29,377,000 after purchasing an additional 2,758 shares during the period. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Trading Down 4.0 %

Shares of Dillard’s stock opened at $483.21 on Friday. The company has a market capitalization of $7.68 billion, a P/E ratio of 12.44 and a beta of 0.88. The stock has a fifty day simple moving average of $462.00 and a 200 day simple moving average of $411.91. Dillard’s, Inc. has a 12-month low of $328.00 and a 12-month high of $510.00. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard’s Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were issued a $25.00 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 5.68%. Dillard’s’s dividend payout ratio is currently 2.57%.

Insider Activity

In related news, VP Tom W. Bolin sold 300 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares of the company’s stock, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Dillard’s from $196.00 to $200.00 and gave the company a “sell” rating in a research report on Wednesday. Telsey Advisory Group lifted their price objective on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.