Dimensional Fund Advisors LP cut its holdings in shares of Dillard’s, Inc. (NYSE:DDS) by 0.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,645,830 shares of the company’s stock after selling 12,708 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Dillard’s worth $125,644,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of DDS. Panagora Asset Management Inc. boosted its stake in Dillard’s by 14.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 73,466 shares of the company’s stock worth $5,608,000 after buying an additional 9,191 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Dillard’s by 94,789.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 112,919 shares of the company’s stock worth $8,620,000 after buying an additional 112,800 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in Dillard’s in the 3rd quarter worth about $1,111,000. Bank of New York Mellon Corp boosted its stake in Dillard’s by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 855,841 shares of the company’s stock worth $65,335,000 after buying an additional 48,052 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in Dillard’s by 47.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 22,077 shares of the company’s stock worth $1,682,000 after buying an additional 7,100 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.
Shares of NYSE:DDS opened at $65.39 on Friday. The stock has a market cap of $1.80 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.16 and a beta of 0.82. The company has a current ratio of 1.49, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. Dillard’s, Inc. has a one year low of $55.88 and a one year high of $98.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 4th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 28th. This represents a $0.40 annualized dividend and a yield of 0.61%. Dillard’s’s dividend payout ratio is presently 8.33%.
DDS has been the topic of a number of research analyst reports. ValuEngine lowered Dillard’s from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Deutsche Bank decreased their price target on Dillard’s from $66.00 to $55.00 and set a “sell” rating on the stock in a research note on Friday, November 16th. Zacks Investment Research lowered Dillard’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 20th. Wedbush lowered Dillard’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $95.00 to $70.00 in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Telsey Advisory Group reduced their price objective on Dillard’s from $83.00 to $65.00 and set a “market perform” rating on the stock in a research note on Friday, November 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $64.86.
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Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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