Steel Grove Capital Advisors LLC lifted its holdings in shares of Dillard’s, Inc. (NYSE:DDS – Free Report) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,102 shares of the company’s stock after acquiring an additional 789 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Dillard’s were worth $2,748,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of DDS. Monument Capital Management acquired a new stake in Dillard’s during the 3rd quarter valued at approximately $2,675,000. GAMMA Investing LLC increased its holdings in Dillard’s by 17.8% during the 3rd quarter. GAMMA Investing LLC now owns 126 shares of the company’s stock worth $84,000 after purchasing an additional 19 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Dillard’s by 33.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock worth $101,000 after purchasing an additional 38 shares during the last quarter. Tidal Investments LLC raised its position in shares of Dillard’s by 26.1% in the 2nd quarter. Tidal Investments LLC now owns 3,003 shares of the company’s stock valued at $1,587,000 after purchasing an additional 621 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Dillard’s in the 2nd quarter valued at approximately $233,000. Institutional investors and hedge funds own 67.15% of the company’s stock.
Dillard’s Stock Down 1.1%
Dillard’s stock traded down $6.97 during midday trading on Tuesday, hitting $635.32. The stock had a trading volume of 37,641 shares, compared to its average volume of 138,635. The business has a fifty day moving average price of $637.09 and a 200 day moving average price of $593.97. Dillard’s, Inc. has a 12 month low of $503.06 and a 12 month high of $741.97. The stock has a market cap of $9.92 billion, a P/E ratio of 14.57 and a beta of 1.11. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16.
Dillard’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard’s’s dividend payout ratio (DPR) is 2.75%.
Analyst Upgrades and Downgrades
DDS has been the subject of several research analyst reports. Zacks Research cut Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price target on shares of Dillard’s from $496.00 to $519.00 and gave the stock an “underweight” rating in a research report on Monday, August 17th. Weiss Ratings lowered shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Finally, UBS Group increased their price objective on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research note on Monday, August 17th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dillard’s currently has a consensus rating of “Reduce” and an average price target of $545.67.
Read Our Latest Research Report on Dillard’s
Dillard’s Profile
Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.
Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.
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