MYDA Advisors LLC acquired a new stake in shares of Dillard's, Inc. (NYSE:DDS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,000 shares of the company’s stock, valued at approximately $360,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Dillard's by 21.2% in the third quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock valued at $61,398,000 after buying an additional 191,168 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Dillard's by 9.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 140,795 shares of the company’s stock valued at $7,895,000 after buying an additional 11,573 shares during the last quarter. SG Americas Securities LLC boosted its position in Dillard's by 4.5% in the fourth quarter. SG Americas Securities LLC now owns 129,668 shares of the company’s stock valued at $7,787,000 after buying an additional 5,526 shares during the last quarter. California Public Employees Retirement System boosted its position in Dillard's by 5.2% in the fourth quarter. California Public Employees Retirement System now owns 124,752 shares of the company’s stock valued at $7,491,000 after buying an additional 6,219 shares during the last quarter. Finally, Cowen Inc. purchased a new stake in Dillard's in the third quarter valued at approximately $4,374,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
Dillard's, Inc. (DDS) traded down $1.22 during trading on Wednesday, reaching $81.81. The company’s stock had a trading volume of 390,950 shares, compared to its average volume of 726,431. The company has a current ratio of 1.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.33. Dillard's, Inc. has a 1-year low of $45.51 and a 1-year high of $88.51. The stock has a market cap of $2,330.00, a price-to-earnings ratio of 16.80 and a beta of 1.07.
Dillard's announced that its board has approved a stock buyback program on Thursday, March 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed 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. The ex-dividend date is Wednesday, March 28th. This represents a $0.40 annualized dividend and a yield of 0.49%. Dillard's’s dividend payout ratio is presently 8.21%.
DDS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Dillard's from a “hold” rating to a “strong-buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, December 19th. ValuEngine lowered Dillard's from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $83.00 target price (up previously from $72.00) on shares of Dillard's in a research report on Wednesday, February 28th. Deutsche Bank upped their target price on Dillard's from $51.00 to $52.00 and gave the company a “sell” rating in a research report on Monday, February 26th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Dillard's in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $60.25.
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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