Charles Schwab Investment Management Inc. Sells 4,310 Shares of Dillard's, Inc. (NYSE:DDS)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,472 shares of the company's stock after selling 4,310 shares during the period. Charles Schwab Investment Management Inc. owned about 0.32% of Dillard's worth $20,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DDS. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Dillard's during the 2nd quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in Dillard's during the third quarter valued at approximately $29,000. US Bancorp DE grew its stake in shares of Dillard's by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company's stock valued at $49,000 after purchasing an additional 49 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Dillard's in the 3rd quarter worth approximately $70,000. Finally, Point72 Hong Kong Ltd lifted its position in shares of Dillard's by 430.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company's stock worth $77,000 after buying an additional 142 shares during the period. Institutional investors own 67.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded Dillard's from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. UBS Group lifted their price target on shares of Dillard's from $194.00 to $198.00 and gave the company a "sell" rating in a report on Friday, November 15th. Finally, Telsey Advisory Group boosted their price target on shares of Dillard's from $380.00 to $450.00 and gave the company a "market perform" rating in a research report on Friday, November 15th.

Dillard's Price Performance

DDS traded up $2.40 during trading on Friday, hitting $444.10. The company's stock had a trading volume of 100,623 shares, compared to its average volume of 137,621. The firm's 50 day moving average price is $400.13 and its two-hundred day moving average price is $398.20. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 11.43 and a beta of 0.89. Dillard's, Inc. 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 dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be given a dividend of $25.00 per share. The ex-dividend date is Friday, December 13th. This represents a dividend yield of 5.8%. Dillard's's payout ratio is currently 2.57%.

About Dillard's

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.