California State Teachers Retirement System cut its holdings in Dillard's, Inc. (NYSE:DDS) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,346 shares of the company’s stock after selling 1,559 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Dillard's worth $1,421,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in DDS. Schwab Charles Investment Management Inc. boosted its position in Dillard's by 27.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 129,222 shares of the company’s stock worth $7,455,000 after acquiring an additional 28,022 shares during the last quarter. Victory Capital Management Inc. boosted its position in Dillard's by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,168 shares of the company’s stock worth $125,000 after acquiring an additional 325 shares during the last quarter. Wells Fargo & Company MN boosted its position in Dillard's by 44.6% during the second quarter. Wells Fargo & Company MN now owns 30,582 shares of the company’s stock worth $1,763,000 after acquiring an additional 9,430 shares during the last quarter. Alliancebernstein L.P. boosted its position in Dillard's by 98.6% during the second quarter. Alliancebernstein L.P. now owns 24,861 shares of the company’s stock worth $1,434,000 after acquiring an additional 12,340 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Dillard's by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 84,582 shares of the company’s stock worth $4,880,000 after acquiring an additional 5,745 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.
Shares of Dillard's, Inc. (NYSE:DDS) traded up $3.21 during mid-day trading on Wednesday, hitting $67.94. 847,013 shares of the stock were exchanged, compared to its average volume of 650,875. Dillard's, Inc. has a fifty-two week low of $45.51 and a fifty-two week high of $83.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.14 and a current ratio of 1.42. The stock has a market cap of $1,800.76, a P/E ratio of 18.07 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Friday, December 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, December 28th. Dillard's’s dividend payout ratio is presently 10.64%.
DDS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Dillard's from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, December 19th. ValuEngine downgraded shares of Dillard's from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Dillard's currently has an average rating of “Hold” and an average target price of $50.75.
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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.
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