Dillard’s (NYSE:DDS) Reaches New 1-Year High – Here’s What Happened

Dillard’s, Inc. (NYSE:DDS) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $478.23 and last traded at $480.19, with a volume of 35453 shares changing hands. The stock had previously closed at $466.98.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Telsey Advisory Group boosted their target price on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. UBS Group increased their price target on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday, November 15th. Finally, StockNews.com cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th.

Dillard’s Stock Performance

The firm has a 50 day moving average price of $441.91 and a 200-day moving average price of $400.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The company has a market cap of $7.63 billion, a P/E ratio of 12.35 and a beta of 0.89.

Dillard’s Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were given a dividend of $25.00 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 5.68%. Dillard’s’s payout ratio is 2.57%.

Insiders Place Their Bets

In related news, VP Tom W. Bolin sold 300 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the completion of the sale, the vice president now owns 1,167 shares in the company, valued at approximately $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 33.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

Several institutional investors and hedge funds have recently modified their holdings of DDS. Capital Performance Advisors LLP bought a new stake in Dillard’s in the 3rd quarter valued at approximately $29,000. US Bancorp DE increased its stake in Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after buying an additional 49 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Dillard’s during the 3rd quarter worth about $70,000. Point72 Hong Kong Ltd grew its holdings in shares of 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. Finally, Signaturefd LLC increased its position in shares of Dillard’s by 1,500.0% in the third quarter. Signaturefd LLC now owns 224 shares of the company’s stock valued at $86,000 after acquiring an additional 210 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.