Penserra Capital Management LLC Has $661,000 Holdings in Dillard’s, Inc. (NYSE:DDS)

Penserra Capital Management LLC trimmed its holdings in Dillard’s, Inc. (NYSE:DDS) by 18.9% in the third quarter, Holdings Channel reports. The fund owned 1,725 shares of the company’s stock after selling 402 shares during the period. Penserra Capital Management LLC’s holdings in Dillard’s were worth $661,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Dillard’s in the 2nd quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of Dillard’s in the third quarter valued at approximately $29,000. US Bancorp DE increased its position in shares of Dillard’s by 61.3% during the third quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after acquiring an additional 49 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dillard’s during the third quarter worth $70,000. Finally, Point72 Hong Kong Ltd lifted its position in Dillard’s by 430.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after acquiring an additional 142 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Trading Down 0.6 %

Dillard’s stock opened at $447.28 on Thursday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 11.51 and a beta of 0.86. The firm has a 50-day moving average of $390.96 and a 200-day moving average of $398.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard’s, Inc. has a one year low of $328.00 and a one year high of $476.48.

Dillard’s Announces Dividend

The business also recently declared 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 (DPR) is 2.57%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Telsey Advisory Group lifted their target price on 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 target on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday, November 15th.

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.