Mitsubishi UFJ Trust & Banking Corp Sells 1,839 Shares of Dillard’s, Inc. (NYSE:DDS)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Dillard’s, Inc. (NYSE:DDSGet Rating) by 61.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,149 shares of the company’s stock after selling 1,839 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dillard’s were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDS. Truist Financial Corp bought a new position in Dillard’s during the first quarter valued at about $443,000. Versor Investments LP increased its stake in Dillard’s by 20.8% during the first quarter. Versor Investments LP now owns 1,960 shares of the company’s stock valued at $526,000 after acquiring an additional 337 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Dillard’s by 112.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 3,316 shares of the company’s stock valued at $890,000 after purchasing an additional 1,754 shares during the period. Royce & Associates LP grew its stake in shares of Dillard’s by 36.1% in the 1st quarter. Royce & Associates LP now owns 35,074 shares of the company’s stock valued at $9,414,000 after purchasing an additional 9,301 shares during the period. Finally, KBC Group NV grew its stake in shares of Dillard’s by 218.8% in the 1st quarter. KBC Group NV now owns 3,995 shares of the company’s stock valued at $1,072,000 after purchasing an additional 2,742 shares during the period. 59.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Tony J. Bolte sold 2,300 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $367.40, for a total transaction of $845,020.00. Following the sale, the vice president now directly owns 2,268 shares in the company, valued at approximately $833,263.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 29.80% of the stock is owned by corporate insiders.

Dillard’s Stock Down 0.4 %

NYSE DDS opened at $373.67 on Thursday. The firm has a market cap of $6.40 billion, a PE ratio of 7.39 and a beta of 0.82. Dillard’s, Inc. has a one year low of $193.00 and a one year high of $399.73. The stock’s 50 day simple moving average is $310.77 and its 200 day simple moving average is $285.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.85 and a quick ratio of 0.64.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.80 dividend on an annualized basis and a yield of 0.21%. Dillard’s’s dividend payout ratio (DPR) is presently 1.58%.

Analyst Upgrades and Downgrades

DDS has been the topic of several analyst reports. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Telsey Advisory Group upped their price objective on Dillard’s from $350.00 to $380.00 and gave the company a “market perform” rating in a research note on Friday, November 11th. UBS Group upped their price objective on Dillard’s to $150.00 in a research note on Wednesday, November 16th. Finally, JPMorgan Chase & Co. upgraded Dillard’s from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $210.00 to $298.00 in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $244.50.

Dillard’s Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Dillard's (NYSE:DDS)

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