Grove Street Fiduciary LLC Makes New $222,000 Investment in Dillard’s, Inc. (NYSE:DDS)

Grove Street Fiduciary LLC purchased a new position in shares of Dillard’s, Inc. (NYSE:DDS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 514 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Dillard’s in the third quarter valued at about $29,000. US Bancorp DE boosted its stake in Dillard’s by 61.3% during the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after purchasing an additional 49 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Dillard’s in the 3rd quarter valued at approximately $70,000. Signaturefd LLC increased its position in Dillard’s by 1,500.0% in the 3rd quarter. Signaturefd LLC now owns 224 shares of the company’s stock worth $86,000 after buying an additional 210 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Dillard’s by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock worth $93,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Insider Transactions at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares in the company, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 33.80% of the stock is owned by company insiders.

Dillard’s Stock Down 0.9 %

DDS opened at $504.02 on Friday. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 12.97 and a beta of 0.88. 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 firm’s 50-day simple moving average is $462.00 and its 200-day simple moving average is $411.91. Dillard’s, Inc. has a twelve month low of $328.00 and a twelve month high of $509.41.

Dillard’s Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were paid a $25.00 dividend. This represents a dividend yield of 5.68%. The ex-dividend date of this dividend was Friday, December 13th. Dillard’s’s dividend payout ratio (DPR) is currently 2.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DDS. UBS Group increased their price target on shares of Dillard’s from $196.00 to $200.00 and gave the company a “sell” rating in a report on Wednesday. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, 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 report on Friday, November 15th.

About Dillard’s

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.