Verition Fund Management LLC lowered its stake in Dillard’s, Inc. (NYSE:DDS – Get Rating) by 62.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,561 shares of the company’s stock after selling 2,552 shares during the period. Verition Fund Management LLC’s holdings in Dillard’s were worth $426,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Boothbay Fund Management LLC increased its holdings in shares of Dillard’s by 116.2% in the third quarter. Boothbay Fund Management LLC now owns 7,721 shares of the company’s stock valued at $2,106,000 after purchasing an additional 4,149 shares during the period. AXA S.A. acquired a new position in Dillard’s during the third quarter worth $1,855,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Dillard’s by 52.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 38,200 shares of the company’s stock worth $10,419,000 after acquiring an additional 13,200 shares during the period. Tower Research Capital LLC TRC grew its holdings in Dillard’s by 91.6% during the third quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the company’s stock worth $1,197,000 after acquiring an additional 2,098 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Dillard’s by 32.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,519 shares of the company’s stock worth $414,000 after acquiring an additional 370 shares during the period. Institutional investors and hedge funds own 55.94% of the company’s stock.
Insider Buying and Selling
In related news, SVP Chris B. Johnson sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $359.17, for a total value of $233,460.50. Following the sale, the senior vice president now owns 8,645 shares of the company’s stock, valued at approximately $3,105,024.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 29.80% of the company’s stock.
Dillard’s Price Performance
Dillard’s Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 0.23%. Dillard’s’s payout ratio is 1.57%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on DDS shares. JPMorgan Chase & Co. lowered Dillard’s from a “neutral” rating to an “underweight” rating in a report on Tuesday, February 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $380.00 target price on shares of Dillard’s in a report on Wednesday, February 22nd. UBS Group upped their target price on Dillard’s to $150.00 in a report on Wednesday, November 16th. Finally, StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a report on Thursday, March 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $256.25.
Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.
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