LMR Partners LLP Makes New $4.80 Million Investment in Dillard’s, Inc. (NYSE:DDS)

LMR Partners LLP bought a new position in shares of Dillard’s, Inc. (NYSE:DDS) during the third quarter, HoldingsChannel.com reports. The firm bought 12,500 shares of the company’s stock, valued at approximately $4,796,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Frank Rimerman Advisors LLC acquired a new stake in shares of Dillard’s during the 3rd quarter worth approximately $611,000. Price T Rowe Associates Inc. MD boosted its position in shares of Dillard’s by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock worth $881,000 after acquiring an additional 97 shares in the last quarter. Millennium Management LLC boosted its position in shares of Dillard’s by 38.4% during the 2nd quarter. Millennium Management LLC now owns 29,030 shares of the company’s stock worth $12,785,000 after acquiring an additional 8,051 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dillard’s by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after acquiring an additional 52,974 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Dillard’s by 25.8% during the 3rd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $165,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analyst Weigh In

DDS has been the topic of several analyst reports. Telsey Advisory Group increased their price target on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday. UBS Group raised their target price on shares of Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday. Finally, StockNews.com upgraded shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday.

Dillard’s Stock Performance

Shares of Dillard’s stock opened at $431.13 on Tuesday. Dillard’s, Inc. has a fifty-two week low of $328.00 and a fifty-two week high of $476.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.62. The firm has a market capitalization of $6.98 billion, a P/E ratio of 11.10 and a beta of 0.86. The company’s 50 day moving average price is $376.07 and its two-hundred day moving average price is $397.49.

Dillard’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Monday, September 30th. Dillard’s’s payout ratio is currently 2.57%.

About Dillard’s

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.