Cibc World Market Inc. lessened its holdings in Dillard’s, Inc. (NYSE:DDS – Get Rating) by 59.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,568 shares of the company’s stock after selling 6,560 shares during the period. Cibc World Market Inc.’s holdings in Dillard’s were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in DDS. Wedge Capital Management L L P NC bought a new stake in Dillard’s in the 2nd quarter valued at $19,962,000. Alyeska Investment Group L.P. increased its position in Dillard’s by 121.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 157,486 shares of the company’s stock worth $42,268,000 after buying an additional 86,326 shares during the period. Renaissance Technologies LLC increased its position in Dillard’s by 2,550.0% during the 1st quarter. Renaissance Technologies LLC now owns 53,000 shares of the company’s stock worth $14,225,000 after buying an additional 51,000 shares during the period. American Century Companies Inc. increased its position in Dillard’s by 75.5% during the 1st quarter. American Century Companies Inc. now owns 111,022 shares of the company’s stock worth $29,797,000 after buying an additional 47,775 shares during the period. Finally, BlackRock Inc. increased its position in Dillard’s by 5.1% during the 1st quarter. BlackRock Inc. now owns 420,256 shares of the company’s stock worth $112,794,000 after buying an additional 20,327 shares during the period. Institutional investors own 59.27% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. UBS Group increased their price objective on Dillard’s to $150.00 in a research report on Wednesday, November 16th. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th. Telsey Advisory Group increased their price objective on Dillard’s from $350.00 to $380.00 and gave the stock a “market perform” rating in a research report on Friday, November 11th. Finally, JPMorgan Chase & Co. upgraded Dillard’s from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $210.00 to $298.00 in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $244.50.
Dillard’s Stock Down 1.2 %
Dillard’s Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, December 29th. Dillard’s’s dividend payout ratio (DPR) is presently 1.58%.
Insider Activity at Dillard’s
In related news, VP Tony J. Bolte sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $367.40, for a total value of $845,020.00. Following the sale, the vice president now directly owns 2,268 shares of the company’s stock, valued at $833,263.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 29.80% of the stock is currently owned by insiders.
Dillard’s Company Profile
Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.
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