Is Dillard’s, Inc. (DDS) A Good Stock To Buy?

Now, some big names were breaking ground themselves. Hudson Executive Capital, led by Douglas Braunstein and James Wooleryá, initiated the most outsized position in Dillard’s, Inc. (NYSE:DDS). Hudson Executive Capital had $8.7 million invested in the company at the end of the quarter. Citadel Investment Group also initiated a $3.6 million position during the quarter. The other funds with brand new DDS positions are Matthew Hulsizer’s PEAK6 Capital Management, Neil Chriss’ Hutchin Hill Capital, and George Hall’s Clinton Group.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Dillard’s, Inc. (NYSE:DDS) but similarly valued. We will take a look at Nomad Foods Limited Ordinary Shares (NYSE:NOMD), Interval Leisure Group, Inc. (NASDAQ:IILG), Press Ganey Holdings Inc (NYSE:PGND), and Alexander’s, Inc. (NYSE:ALX). All of these stocks’ market caps are similar to DDS’s market cap.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $397 million. That figure was $228 million in DDS’s case. Nomad Foods Limited Ordinary Shares (NYSE:NOMD) is the most popular stock in this table. On the other hand Alexander’s, Inc. (NYSE:ALX) is the least popular one with only 6 bullish hedge fund positions. Dillard’s, Inc. (NYSE:DDS) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NOMD might be a better candidate to consider taking a long position in.

Disclosure: None