Dillard’s, Inc. (NYSE:DDS) VP Sells $845,020.00 in Stock

Dillard’s, Inc. (NYSE:DDSGet Rating) VP Tony J. Bolte sold 2,300 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $367.40, for a total transaction of $845,020.00. Following the transaction, the vice president now owns 2,268 shares in the company, valued at $833,263.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Dillard’s Stock Down 1.2 %

DDS opened at $359.20 on Friday. The firm has a 50 day moving average price of $306.43 and a 200 day moving average price of $284.02. The company has a market cap of $6.16 billion, a PE ratio of 7.11 and a beta of 0.82. Dillard’s, Inc. has a 1 year low of $193.00 and a 1 year high of $416.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.64 and a current ratio of 1.85.

Dillard’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, December 29th. Dillard’s’s dividend payout ratio (DPR) is 1.58%.

Institutional Trading of Dillard’s

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. grew its position in Dillard’s by 55.0% in the third quarter. Federated Hermes Inc. now owns 93 shares of the company’s stock valued at $25,000 after acquiring an additional 33 shares in the last quarter. One Wealth Advisors LLC grew its position in Dillard’s by 3.0% in the second quarter. One Wealth Advisors LLC now owns 1,301 shares of the company’s stock valued at $287,000 after acquiring an additional 38 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Dillard’s by 14.4% in the first quarter. Great West Life Assurance Co. Can now owns 565 shares of the company’s stock valued at $161,000 after acquiring an additional 71 shares in the last quarter. Inspire Investing LLC grew its position in Dillard’s by 9.7% in the second quarter. Inspire Investing LLC now owns 959 shares of the company’s stock valued at $212,000 after acquiring an additional 85 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Dillard’s by 3.1% in the third quarter. New York State Common Retirement Fund now owns 3,317 shares of the company’s stock valued at $905,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 59.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DDS. JPMorgan Chase & Co. upgraded shares of Dillard’s from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $210.00 to $298.00 in a report on Monday, August 15th. UBS Group increased their target price on shares of Dillard’s to $150.00 in a research report on Wednesday. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th. Finally, Telsey Advisory Group increased their target price on shares of Dillard’s from $350.00 to $380.00 and gave the stock a “market perform” rating in a research report on Friday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $244.50.

About Dillard’s

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Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.

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