Dillard’s (NYSE:DDS) Sets New 12-Month High – Here’s What Happened

Dillard’s, Inc. (NYSE:DDS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $492.99 and last traded at $480.59, with a volume of 28201 shares traded. The stock had previously closed at $476.85.

Analyst Upgrades and Downgrades

DDS has been the topic of a number of research reports. StockNews.com downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. UBS Group raised their price objective 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, Telsey Advisory Group upped their target price on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th.

Dillard’s Stock Performance

The stock’s 50-day moving average price is $449.04 and its 200-day moving average price is $402.12. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.38 billion, a P/E ratio of 11.97 and a beta of 0.89.

Dillard’s Dividend Announcement

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

Insider Activity

In related 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 transaction of $130,035.00. Following the completion of the transaction, the vice president now owns 1,167 shares of the company’s stock, valued at $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 33.80% of the company’s stock.

Institutional Trading of Dillard’s

Hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in shares of Dillard’s in the 3rd quarter valued at about $29,000. US Bancorp DE boosted its position in shares of Dillard’s by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after acquiring an additional 49 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Dillard’s during the 3rd quarter valued at $70,000. Signaturefd LLC increased its holdings in shares of Dillard’s by 1,500.0% during the 3rd quarter. Signaturefd LLC now owns 224 shares of the company’s stock worth $86,000 after purchasing an additional 210 shares during the period. Finally, KBC Group NV increased its stake in Dillard’s by 85.3% during the fourth quarter. KBC Group NV now owns 215 shares of the company’s stock valued at $93,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors 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.