Pacer Advisors Inc. Buys Shares of 326,794 Dillard's, Inc. (NYSE:DDS)

Pacer Advisors Inc. bought a new position in shares of Dillard's, Inc. (NYSE:DDS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 326,794 shares of the company's stock, valued at approximately $125,388,000. Pacer Advisors Inc. owned 2.02% of Dillard's as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC boosted its position in shares of Dillard's by 6.3% in the 1st quarter. ProShare Advisors LLC now owns 612 shares of the company's stock worth $289,000 after purchasing an additional 36 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Dillard's by 11.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company's stock worth $175,000 after purchasing an additional 45 shares in the last quarter. US Bancorp DE boosted its position in shares of Dillard's by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company's stock worth $49,000 after purchasing an additional 49 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Dillard's by 1.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,745 shares of the company's stock worth $1,209,000 after purchasing an additional 50 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Dillard's in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 67.15% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Telsey Advisory Group upped their price objective on Dillard's from $380.00 to $450.00 and gave the company a "market perform" rating in a research report on Friday, November 15th. Finally, UBS Group upped their price objective on Dillard's from $194.00 to $198.00 and gave the company a "sell" rating in a research report on Friday, November 15th.

Dillard's Stock Up 2.7 %

DDS stock traded up $11.91 during midday trading on Friday, hitting $445.93. The company's stock had a trading volume of 195,421 shares, compared to its average volume of 118,525. The company has a market cap of $7.22 billion, a PE ratio of 11.13 and a beta of 0.86. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average is $383.18 and its 200-day moving average is $397.83. Dillard's, Inc. has a 12 month low of $328.00 and a 12 month high of $476.48.

Dillard's Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a dividend of $25.00 per share. The ex-dividend date of this dividend is Friday, December 13th. Dillard's's dividend payout ratio is presently 2.57%.

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.