Swiss National Bank lessened its stake in Dillard's, Inc. (NYSE:DDS) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,600 shares of the company’s stock after selling 3,800 shares during the quarter. Swiss National Bank owned approximately 0.09% of Dillard's worth $1,537,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in Dillard's by 9.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 140,795 shares of the company’s stock valued at $7,895,000 after purchasing an additional 11,573 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Dillard's by 4.5% during the 4th quarter. SG Americas Securities LLC now owns 129,668 shares of the company’s stock valued at $7,787,000 after purchasing an additional 5,526 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Dillard's during the 3rd quarter valued at $1,226,000. Cowen Inc. acquired a new stake in Dillard's during the 3rd quarter valued at $4,374,000. Finally, Grace & White Inc. NY lifted its holdings in Dillard's by 11.2% during the 4th quarter. Grace & White Inc. NY now owns 37,600 shares of the company’s stock valued at $2,258,000 after purchasing an additional 3,800 shares during the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.
Dillard's, Inc. (NYSE:DDS) opened at $83.74 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.26 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2,437.09, a price-to-earnings ratio of 17.94 and a beta of 1.07. Dillard's, Inc. has a 12-month low of $45.51 and a 12-month high of $88.51.
The company 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date is Wednesday, March 28th. Dillard's’s payout ratio is 5.27%.
Dillard's declared that its board has authorized a stock repurchase program on Thursday, March 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have issued reports on DDS shares. Zacks Investment Research raised Dillard's from a “hold” rating to a “strong-buy” rating and set a $70.00 price target for the company in a report on Tuesday, December 19th. Deutsche Bank raised their price target on Dillard's from $51.00 to $52.00 and gave the company a “sell” rating in a report on Monday, February 26th. ValuEngine downgraded Dillard's from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $83.00 price target (up previously from $72.00) on shares of Dillard's in a report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Dillard's in a report on Tuesday, February 27th. Two investment 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 stock. The company has a consensus rating of “Buy” and an average 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.
Receive News & Ratings for Dillard's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dillard's and related companies with MarketBeat.com's FREE daily email newsletter.