Cynosure Group LLC Purchases 1,055 Shares of Dillard’s, Inc. (NYSE:DDS)

Cynosure Group LLC grew its position in Dillard’s, Inc. (NYSE:DDS) by 117.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Dillard’s by 15.5% in the first quarter. Vanguard Group Inc. now owns 394,909 shares of the company’s stock worth $186,255,000 after buying an additional 52,974 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Dillard’s during the 3rd quarter valued at about $125,388,000. Renaissance Technologies LLC grew its position in shares of Dillard’s by 36.0% during the second quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock valued at $54,696,000 after purchasing an additional 32,900 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Dillard’s by 16.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 49,006 shares of the company’s stock valued at $18,803,000 after purchasing an additional 7,006 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Dillard’s by 2.0% during the 2nd quarter. American Century Companies Inc. now owns 42,803 shares of the company’s stock valued at $18,850,000 after buying an additional 830 shares during the period. 67.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DDS. UBS Group boosted their price objective on shares of Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday, November 15th. Telsey Advisory Group boosted their price objective 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, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

Dillard’s Price Performance

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 business’s fifty day simple moving average is $389.20 and its 200-day simple moving average is $397.84. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 11.60 and a beta of 0.86. Dillard’s, Inc. has a 12-month low of $328.00 and a 12-month high of $476.48.

Dillard’s Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $25.00 dividend. The ex-dividend date of this dividend is Friday, December 13th. Dillard’s’s dividend payout ratio is currently 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.