Dillard’s (NYSE:DDS) Stock Price Up 4.8% Following Dividend Announcement

Shares of Dillard’s, Inc. (NYSE:DDS) were up 4.8% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as $458.34 and last traded at $458.34. Approximately 75,771 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 118,737 shares. The stock had previously closed at $437.14.

The newly announced dividend which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid a dividend of $25.00 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 5.89%. Dillard’s’s dividend payout ratio is 2.57%.

Wall Street Analyst Weigh In

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

Dillard’s Stock Up 6.5 %

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 business has a 50-day simple moving average of $402.92 and a two-hundred day simple moving average of $398.02. The stock has a market capitalization of $7.53 billion, a P/E ratio of 11.98 and a beta of 0.89.

Institutional Trading of Dillard’s

Large investors have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Dillard’s during the 2nd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of Dillard’s in the third quarter valued at about $29,000. US Bancorp DE lifted its position in Dillard’s by 61.3% during the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after buying an additional 49 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Dillard’s during the 3rd quarter worth about $70,000. Finally, Point72 Hong Kong Ltd increased its position in 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. 67.15% of the stock is owned by institutional investors.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.