Dillard’s (NYSE:DDS) Reaches New 52-Week High – Here’s What Happened

Dillard’s, Inc. (NYSE:DDS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $494.52 and last traded at $494.15, with a volume of 26489 shares trading hands. The stock had previously closed at $489.62.

Analyst Ratings Changes

A number of research firms have weighed in on DDS. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group increased their target price 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 boosted their price target on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

Dillard’s Stock Up 1.1 %

The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 12.74 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The stock has a fifty day moving average of $453.03 and a two-hundred day moving average of $405.47.

Dillard’s Dividend Announcement

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

Insider Transactions at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total transaction of $130,035.00. Following the transaction, the vice president now owns 1,167 shares of the company’s stock, valued at $505,836.15. This represents a 20.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 33.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position 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 worth $151,975,000 after purchasing an additional 25,212 shares during the period. Allianz Asset Management GmbH increased its stake in Dillard’s by 10.5% during the 4th quarter. Allianz Asset Management GmbH now owns 211,561 shares of the company’s stock valued at $91,339,000 after purchasing an additional 20,155 shares in the last quarter. Clientfirst Wealth Management LLC acquired a new position in Dillard’s during the fourth quarter worth $48,873,000. Bank of New York Mellon Corp grew its holdings in shares of Dillard’s by 107.2% during the fourth quarter. Bank of New York Mellon Corp now owns 77,050 shares of the company’s stock valued at $33,266,000 after buying an additional 39,858 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Dillard’s by 3.7% during the third quarter. State Street Corp now owns 76,515 shares of the company’s stock valued at $29,377,000 after buying an additional 2,758 shares during the last quarter. 67.15% of the stock is 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.