Dillard’s (NYSE:DDS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Dillard’s (NYSE:DDS) from a hold rating to a buy rating in a report issued on Friday.

Other analysts also recently issued reports about the company. UBS Group raised their target price on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday. Telsey Advisory Group raised their target price on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday.

Dillard’s Stock Performance

Shares of DDS opened at $431.13 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 10.84 and a beta of 0.86. The stock has a 50 day moving average of $376.07 and a 200 day moving average of $397.49. Dillard’s has a 12 month low of $328.00 and a 12 month high of $476.48.

Dillard’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, September 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Monday, September 30th. Dillard’s’s dividend payout ratio is currently 2.57%.

Hedge Funds Weigh In On Dillard’s

A number of large investors have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in shares of Dillard’s by 6.3% in the first quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock worth $289,000 after acquiring an additional 36 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Dillard’s by 11.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock worth $175,000 after acquiring an additional 45 shares during the period. US Bancorp DE boosted its holdings in shares of Dillard’s by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after acquiring an additional 49 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Dillard’s by 1.9% in the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock worth $1,209,000 after acquiring an additional 50 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of Dillard’s in the second quarter worth $26,000. 67.15% of the stock is owned by institutional investors.

Dillard’s Company Profile

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.