Dillard’s (NYSE:DDS) Sets New 1-Year High – Still a Buy?

Dillard’s, Inc. (NYSE:DDS)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $507.25 and last traded at $507.01, with a volume of 32749 shares trading hands. The stock had previously closed at $493.15.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DDS. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Telsey Advisory Group upped their price objective on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, UBS Group raised their target price on Dillard’s from $196.00 to $200.00 and gave the company a “sell” rating in a report on Wednesday.

Dillard’s Stock Performance

The company has a market cap of $8.01 billion, a price-to-earnings ratio of 12.97 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 firm has a fifty day simple moving average of $462.00 and a 200 day simple moving average of $411.91.

Dillard’s Announces Dividend

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

Insider Buying and Selling at Dillard’s

In other news, VP Tom W. Bolin sold 300 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $433.45, for a total value of $130,035.00. Following the sale, the vice president now owns 1,167 shares in the company, valued at approximately $505,836.15. This trade represents a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 33.80% of the company’s stock.

Institutional Trading of Dillard’s

A number of hedge funds have recently bought and sold shares of DDS. Creative Planning grew its position in Dillard’s by 49.7% during the third quarter. Creative Planning now owns 1,500 shares of the company’s stock worth $576,000 after buying an additional 498 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Dillard’s by 25.8% during the 3rd quarter. Blue Trust Inc. now owns 429 shares of the company’s stock worth $165,000 after purchasing an additional 88 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Dillard’s by 11.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock valued at $175,000 after purchasing an additional 45 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Dillard’s in the third quarter valued at $386,000. Finally, Signaturefd LLC raised its stake in shares of Dillard’s by 1,500.0% in the third quarter. Signaturefd LLC now owns 224 shares of the company’s stock valued at $86,000 after purchasing an additional 210 shares in the last quarter. 67.15% of the stock is owned by institutional investors.

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.