Dillard’s (NYSE:DDS) Sets New 52-Week High – Here’s Why

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

Wall Street Analysts Forecast Growth

DDS has been the topic of a number of analyst reports. Telsey Advisory Group upped their price target 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. UBS Group upped their target price on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a report on Friday, November 15th. Finally, StockNews.com lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

Dillard’s Stock Up 0.9 %

The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $445.55 and its 200 day simple moving average is $401.80. The firm has a market cap of $7.56 billion, a P/E ratio of 12.24 and a beta of 0.89.

Dillard’s Announces Dividend

The business also recently disclosed 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. This represents a dividend yield of 5.68%. The ex-dividend date of this dividend was Friday, December 13th. Dillard’s’s dividend payout ratio (DPR) is 2.57%.

Insider Activity

In other news, VP Tom W. Bolin sold 300 shares of the firm’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 directly owns 1,167 shares in the company, valued at $505,836.15. This trade represents a 20.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 33.80% of the stock is currently owned by company insiders.

Institutional Trading of Dillard’s

Several hedge funds have recently bought and sold shares of DDS. Pacer Advisors Inc. grew its holdings in shares of Dillard’s by 7.7% during the fourth quarter. Pacer Advisors Inc. now owns 352,006 shares of the company’s stock valued at $151,975,000 after buying an additional 25,212 shares during the last quarter. KBC Group NV increased its holdings in Dillard’s by 85.3% during the 4th quarter. KBC Group NV now owns 215 shares of the company’s stock worth $93,000 after purchasing an additional 99 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Dillard’s by 20.7% in the fourth quarter. Blue Trust Inc. now owns 518 shares of the company’s stock worth $224,000 after purchasing an additional 89 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Dillard’s in the 4th quarter valued at $462,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Dillard’s by 7.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,662 shares of the company’s stock worth $6,243,000 after acquiring an additional 950 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

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.