Swiss National Bank decreased its position in shares of Dillard's, Inc. (NYSE:DDS) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,600 shares of the company’s stock after selling 3,800 shares during the quarter. Swiss National Bank’s holdings in Dillard's were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of DDS. Bank of New York Mellon Corp increased its position in Dillard's by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock worth $61,398,000 after buying an additional 191,168 shares during the period. SG Americas Securities LLC increased its position in shares of Dillard's by 169.8% in the third quarter. SG Americas Securities LLC now owns 124,142 shares of the company’s stock worth $6,961,000 after purchasing an additional 78,136 shares during the period. Cowen Inc. bought a new position in shares of Dillard's in the third quarter worth $4,374,000. Clear Harbor Asset Management LLC increased its position in shares of Dillard's by 608.4% in the fourth quarter. Clear Harbor Asset Management LLC now owns 31,880 shares of the company’s stock worth $1,914,000 after purchasing an additional 27,380 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Dillard's in the third quarter worth $1,226,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
Dillard's, Inc. (DDS) opened at $83.74 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.66 and a quick ratio of 0.26. Dillard's, Inc. has a 12-month low of $45.51 and a 12-month high of $88.51. The company has a market capitalization of $2,437.09, a price-to-earnings ratio of 17.94 and a beta of 1.07.
Dillard's declared that its board has initiated a share buyback plan on Thursday, March 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Friday, March 30th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, March 28th. Dillard's’s dividend payout ratio is presently 5.27%.
A number of brokerages recently commented on DDS. ValuEngine upgraded Dillard's from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $83.00 price target (up previously from $72.00) on shares of Dillard's in a research report on Wednesday, February 28th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Dillard's in a research report on Tuesday, February 27th. Deutsche Bank raised their price target on Dillard's from $51.00 to $52.00 and gave the stock a “sell” rating in a research report on Monday, February 26th. Finally, Zacks Investment Research upgraded Dillard's from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.25.
Dillard's Company Profile
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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