Dillard’s (NYSE:DDS) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of Dillard’s, Inc. (NYSE:DDS – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $589.96 and traded as high as $702.30. Dillard’s shares last traded at $672.1970, with a volume of 256,876 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DDS shares. UBS Group upped their target price on shares of Dillard’s from $465.00 to $468.00 and gave the company a “sell” rating in a research note on Monday, August 17th. JPMorgan Chase & Co. upped their price target on Dillard’s from $496.00 to $519.00 and gave the company an “underweight” rating in a research report on Monday, August 17th. Zacks Research lowered Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen downgraded shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings lowered shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Dillard’s presently has a consensus rating of “Reduce” and a consensus price target of $545.67.

View Our Latest Research Report on Dillard’s

Dillard’s Price Performance

The stock has a fifty day moving average of $627.78 and a two-hundred day moving average of $590.40. The company has a current ratio of 3.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 14.86 and a beta of 1.11.

Dillard’s (NYSE:DDS – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $6.25 EPS for the quarter, topping the consensus estimate of $4.29 by $1.96. Dillard’s had a return on equity of 31.88% and a net margin of 10.48%.The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. As a group, equities research analysts forecast that Dillard’s, Inc. will post 35.5 earnings per share for the current year.

Dillard’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 30th. Dillard’s’s dividend payout ratio is presently 2.75%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its position in Dillard’s by 26.1% during the 2nd quarter. Tidal Investments LLC now owns 3,003 shares of the company’s stock valued at $1,587,000 after purchasing an additional 621 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Dillard’s during the second quarter worth approximately $233,000. Integrated Wealth Concepts LLC bought a new stake in shares of Dillard’s during the second quarter worth approximately $69,000. NewEdge Advisors LLC lifted its holdings in Dillard’s by 4.1% in the second quarter. NewEdge Advisors LLC now owns 1,408 shares of the company’s stock valued at $744,000 after buying an additional 56 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Dillard’s by 101.3% in the second quarter. Squarepoint Ops LLC now owns 33,581 shares of the company’s stock valued at $17,745,000 after acquiring an additional 16,901 shares during the last quarter. Institutional investors and hedge funds own 67.15% of the company’s stock.

About Dillard’s

(Get Free Report)

Dillard’s, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.

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