StockNews.com downgraded shares of Dillard's (NYSE:DDS – Get Rating) from a buy rating to a hold rating in a research note released on Friday morning.

DDS has been the topic of several other reports. Bank of America decreased their price target on Dillard's from $215.00 to $150.00 and set an underperform rating on the stock in a research report on Thursday, July 7th. UBS Group upped their price objective on shares of Dillard's to $185.00 and gave the stock a na rating in a research report on Wednesday, May 18th. JPMorgan Chase & Co. upgraded shares of Dillard's from an underweight rating to a neutral rating and upped their price objective for the stock from $210.00 to $298.00 in a research report on Monday, August 15th. Finally, Telsey Advisory Group upped their price objective on shares of Dillard's from $325.00 to $350.00 and gave the stock a market perform rating in a research report on Friday, August 12th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $245.75.

Dillard's Trading Down 0.4 %

Shares of DDS opened at $312.79 on Friday. The business's 50-day moving average price is $261.21 and its 200-day moving average price is $274.94. Dillard's has a twelve month low of $167.03 and a twelve month high of $416.71. The stock has a market cap of $5.48 billion, a PE ratio of 6.33 and a beta of 0.73. The company has a quick ratio of 0.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Dillard's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, September 29th. Dillard's's dividend payout ratio is currently 1.62%.

Institutional Trading of Dillard's

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Dillard's during the fourth quarter valued at approximately $601,000. ProShare Advisors LLC purchased a new stake in shares of Dillard's during the fourth quarter valued at approximately $313,000. Raymond James & Associates purchased a new stake in shares of Dillard's during the fourth quarter valued at approximately $641,000. Teacher Retirement System of Texas purchased a new stake in shares of Dillard's during the fourth quarter valued at approximately $271,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Dillard's during the fourth quarter valued at approximately $2,380,000. Hedge funds and other institutional investors own 59.27% of the company's stock.

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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