Dillard’s (NYSE:DDS) Trading 4.8% Higher Following Dividend Announcement

Dillard’s, Inc. (NYSE:DDS) traded up 4.8% on Tuesday following a dividend announcement from the company. The company traded as high as $458.34 and last traded at $458.34. 75,771 shares were traded during trading, a decline of 36% from the average session volume of 118,737 shares. The stock had previously closed at $437.14.

The newly announced dividend which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a dividend of $25.00 per share. This represents a yield of 5.89%. The ex-dividend date is Friday, December 13th. Dillard’s’s dividend payout ratio is currently 2.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DDS shares. Telsey Advisory Group raised their target price on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, UBS Group boosted their target price on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a report on Friday, November 15th.

Dillard’s Stock Performance

The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.42 billion, a P/E ratio of 11.26 and a beta of 0.89. The business’s 50 day simple moving average is $401.19 and its two-hundred day simple moving average is $397.89.

Institutional Investors Weigh In On Dillard’s

Several institutional investors have recently modified their holdings of DDS. Pacer Advisors Inc. bought a new stake in Dillard’s in the 3rd quarter worth approximately $125,388,000. Renaissance Technologies LLC grew its holdings in shares of Dillard’s by 36.0% in the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after acquiring an additional 32,900 shares during the period. State Street Corp increased its position in Dillard’s by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after acquiring an additional 2,758 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in Dillard’s by 16.7% in the third quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company’s stock valued at $18,803,000 after acquiring an additional 7,006 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Dillard’s by 2.0% in the second quarter. American Century Companies Inc. now owns 42,803 shares of the company’s stock valued at $18,850,000 after acquiring an additional 830 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.