Oregon Public Employees Retirement Fund raised its position in shares of Dillard’s, Inc. (NYSE:DDS) by 3.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,388 shares of the company’s stock after buying an additional 323 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dillard’s were worth $542,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in DDS. Guggenheim Capital LLC acquired a new position in shares of Dillard’s during the fourth quarter worth $319,000. CIBC World Markets Inc. acquired a new position in shares of Dillard’s during the first quarter worth $1,248,000. Segantii Capital Management Ltd acquired a new position in shares of Dillard’s during the first quarter worth $125,000. Vanguard Group Inc. boosted its position in shares of Dillard’s by 5.9% in the first quarter. Vanguard Group Inc. now owns 1,552,773 shares of the company’s stock worth $81,117,000 after buying an additional 85,874 shares during the period. Finally, Merriman Wealth Management LLC acquired a new position in shares of Dillard’s during the first quarter worth $876,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.
Dillard’s, Inc. (NYSE DDS) opened at 55.70 on Friday. The firm has a market cap of $1.62 billion, a PE ratio of 13.79 and a beta of 1.12. The firm’s 50-day moving average is $64.30 and its 200 day moving average is $55.96. Dillard’s, Inc. has a 12-month low of $45.51 and a 12-month high of $83.44.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Dillard’s’s previous quarterly dividend of $0.07. Dillard’s’s dividend payout ratio (DPR) is currently 7.12%.
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DDS has been the subject of a number of research reports. BidaskClub upgraded shares of Dillard’s from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Dillard’s from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Deutsche Bank AG lowered their price target on shares of Dillard’s from $41.00 to $39.00 and set a “sell” rating for the company in a report on Friday, May 12th. TheStreet upgraded shares of Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a $36.00 price target (down previously from $49.00) on shares of Dillard’s in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.00.
In other news, major shareholder David Einhorn sold 35,125 shares of Dillard’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $51.50, for a total transaction of $1,808,937.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 23.27% of the company’s stock.
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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