Cynosure Group LLC Grows Position in Dillard’s, Inc. (NYSE:DDS)

Cynosure Group LLC raised its stake in shares of Dillard’s, Inc. (NYSE:DDS) by 117.9% during the third quarter, HoldingsChannel reports. The firm owned 1,950 shares of the company’s stock after purchasing an additional 1,055 shares during the quarter. Cynosure Group LLC’s holdings in Dillard’s were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Dillard’s by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock valued at $186,255,000 after purchasing an additional 52,974 shares during the last quarter. BOKF NA acquired a new stake in Dillard’s during the first quarter worth about $317,000. Price T Rowe Associates Inc. MD raised its position in Dillard’s by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,867 shares of the company’s stock valued at $881,000 after acquiring an additional 97 shares in the last quarter. Comerica Bank raised its position in Dillard’s by 10.0% during the first quarter. Comerica Bank now owns 7,428 shares of the company’s stock valued at $3,503,000 after acquiring an additional 673 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Dillard’s in the first quarter valued at approximately $403,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Analysts Set New Price Targets

DDS has been the subject of several recent research reports. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Telsey Advisory Group raised their price target on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Finally, UBS Group upped their price objective on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday, November 15th.

Dillard’s Stock Down 3.3 %

Shares of DDS opened at $450.55 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.29 billion, a P/E ratio of 11.60 and a beta of 0.86. The stock’s 50 day moving average is $389.20 and its two-hundred day moving average is $397.84. Dillard’s, Inc. has a 12 month low of $328.00 and a 12 month high of $476.48.

Dillard’s Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $25.00 per share. The ex-dividend date is Friday, December 13th. Dillard’s’s dividend payout ratio is presently 2.57%.

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.