Dillard's, Inc. (NYSE:DDS) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 78.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,382 shares of the company's stock after selling 5,123 shares during the quarter. Franklin Resources Inc.'s holdings in Dillard's were worth $494,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Dillard's by 5,025.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 410 shares of the company's stock valued at $181,000 after purchasing an additional 402 shares during the last quarter. Principal Financial Group Inc. grew its position in Dillard's by 7.2% in the second quarter. Principal Financial Group Inc. now owns 4,579 shares of the company's stock worth $2,017,000 after acquiring an additional 308 shares during the period. Ritholtz Wealth Management grew its position in Dillard's by 7.1% in the second quarter. Ritholtz Wealth Management now owns 2,405 shares of the company's stock worth $1,059,000 after acquiring an additional 159 shares during the period. Consolidated Planning Corp increased its stake in Dillard's by 45.9% during the second quarter. Consolidated Planning Corp now owns 1,234 shares of the company's stock worth $544,000 after acquiring an additional 388 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new stake in Dillard's in the second quarter valued at $440,000. Hedge funds and other institutional investors own 67.15% of the company's stock.

Analysts Set New Price Targets

DDS has been the subject of a number of research analyst reports. UBS Group increased their price target on Dillard's from $194.00 to $198.00 and gave the stock a "sell" rating in a report on Friday, November 15th. Telsey Advisory Group increased their target price on shares of Dillard's from $380.00 to $450.00 and gave the stock a "market perform" rating in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Friday, November 15th.

Dillard's Trading Down 1.9 %

Shares of NYSE DDS traded down $8.33 during trading on Tuesday, reaching $431.74. The stock had a trading volume of 89,094 shares, compared to its average volume of 120,691. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The company has a market cap of $6.87 billion, a P/E ratio of 11.11 and a beta of 0.89. Dillard's, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $476.48. The business's 50-day moving average price is $423.67 and its 200-day moving average price is $399.01.

Dillard's Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be paid a dividend of $25.00 per share. The ex-dividend date is Friday, December 13th. This represents a yield of 5.68%. Dillard's's dividend payout ratio (DPR) is presently 2.57%.

Dillard's 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.