State Street Corp Grows Stock Position in Dillard's, Inc. (NYSE:DDS)

State Street Corp raised its stake in Dillard's, Inc. (NYSE:DDS - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,515 shares of the company's stock after buying an additional 2,758 shares during the period. State Street Corp owned about 0.47% of Dillard's worth $29,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new stake in shares of Dillard's during the third quarter valued at approximately $125,388,000. Renaissance Technologies LLC raised its position in Dillard's by 36.0% during the 2nd quarter. Renaissance Technologies LLC now owns 124,200 shares of the company's stock valued at $54,696,000 after purchasing an additional 32,900 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Dillard's by 16.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company's stock worth $18,803,000 after buying an additional 7,006 shares during the period. American Century Companies Inc. grew its position in shares of Dillard's by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 42,803 shares of the company's stock worth $18,850,000 after buying an additional 830 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Dillard's by 38.4% during the second quarter. Millennium Management LLC now owns 29,030 shares of the company's stock valued at $12,785,000 after buying an additional 8,051 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Telsey Advisory Group upped their price objective 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. StockNews.com upgraded shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Finally, UBS Group boosted their price objective on shares of Dillard's from $194.00 to $198.00 and gave the stock a "sell" rating in a research note on Friday, November 15th.

Dillard's Stock Up 0.6 %

DDS traded up $2.56 on Friday, hitting $434.34. The company had a trading volume of 225,674 shares, compared to its average volume of 120,889. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 11.18 and a beta of 0.89. 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 stock has a fifty day moving average price of $414.48 and a 200-day moving average price of $397.74. Dillard's, Inc. has a 12-month low of $328.00 and a 12-month high of $476.48.

Dillard's Dividend Announcement

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