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Dillard’s jumps more than 30% after one of Buffett’s investing lieutenants discloses personal stake

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Dillard’s department store.

Source: Zereshk | Wikipedia

Shares of Dillard’s jumped 34% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down more than 40% this year amid lackluster sales. In the latest quarter, however,…



Source cnbc.com

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