Dillard's, Inc. (NYSE:DDS) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lessened its holdings in shares of Dillard's, Inc. (NYSE:DDS - Free Report) by 89.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,027 shares of the company's stock after selling 17,472 shares during the period. Verition Fund Management LLC's holdings in Dillard's were worth $778,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DDS. Allspring Global Investments Holdings LLC grew its position in shares of Dillard's by 11.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company's stock valued at $175,000 after purchasing an additional 45 shares in the last quarter. US Bancorp DE increased 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 worth $49,000 after acquiring an additional 49 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Dillard's by 1.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,745 shares of the company's stock worth $1,209,000 after acquiring an additional 50 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Dillard's during the 2nd quarter valued at about $26,000. Finally, Capital Performance Advisors LLP acquired a new stake in Dillard's during the third quarter worth about $29,000. Institutional investors and hedge funds own 67.15% of the company's stock.

Dillard's Trading Up 6.5 %

Shares of DDS traded up $28.41 during trading on Tuesday, reaching $465.55. 187,700 shares of the company traded hands, compared to its average volume of 119,241. The stock has a 50-day simple moving average of $402.92 and a 200-day simple moving average of $398.02. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. Dillard's, Inc. has a twelve month low of $328.00 and a twelve month high of $476.48. The stock has a market cap of $7.53 billion, a PE ratio of 11.98 and a beta of 0.89.

Dillard's Dividend Announcement

The company also recently announced 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. This represents a yield of 5.89%. The ex-dividend date of this dividend is Friday, December 13th. Dillard's's payout ratio is 2.57%.

Wall Street Analyst Weigh In

DDS has been the subject of several analyst reports. StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Telsey Advisory Group raised their target price on 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, UBS Group upped their price target on Dillard's from $194.00 to $198.00 and gave the company a "sell" rating in a research note on Friday, November 15th.

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.