Clear Harbor Asset Management LLC Buys 27,380 Shares of Dillard's, Inc. (DDS)

Clear Harbor Asset Management LLC increased its stake in Dillard's, Inc. (NYSE:DDS) by 608.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,880 shares of the company’s stock after acquiring an additional 27,380 shares during the period. Clear Harbor Asset Management LLC owned about 0.11% of Dillard's worth $1,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDS. BlackRock Inc. raised its position in Dillard's by 4.0% during the 2nd quarter. BlackRock Inc. now owns 2,163,602 shares of the company’s stock valued at $124,820,000 after purchasing an additional 83,653 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Dillard's by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,774,012 shares of the company’s stock valued at $102,346,000 after purchasing an additional 30,568 shares during the last quarter. Bank of New York Mellon Corp raised its position in Dillard's by 21.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,095,005 shares of the company’s stock valued at $61,398,000 after purchasing an additional 191,168 shares during the last quarter. State Street Corp raised its position in Dillard's by 9.3% during the 2nd quarter. State Street Corp now owns 800,724 shares of the company’s stock valued at $46,201,000 after purchasing an additional 68,006 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in Dillard's during the 2nd quarter valued at approximately $243,000. 89.39% of the stock is owned by institutional investors.

Dillard's, Inc. (NYSE DDS) traded up $3.21 during mid-day trading on Wednesday, hitting $67.94. The company’s stock had a trading volume of 847,013 shares, compared to its average volume of 650,875. Dillard's, Inc. has a 1 year low of $45.51 and a 1 year high of $83.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.42 and a quick ratio of 0.14. The stock has a market cap of $1,800.76, a P/E ratio of 18.07 and a beta of 1.35.

The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Friday, December 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. Dillard's’s dividend payout ratio (DPR) is 10.64%.

A number of research analysts have commented 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 research report on Tuesday, December 19th. ValuEngine downgraded Dillard's from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Dillard's presently has an average rating of “Hold” and a consensus price target of $50.75.

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Dillard's Company Profile

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.

Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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