Dillard’s (NYSE:DDS) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Dillard’s, Inc. (NYSE:DDS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $597.25 and traded as high as $638.85. Dillard’s shares last traded at $630.9650, with a volume of 125,253 shares trading hands.

Analyst Ratings Changes

DDS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a report on Wednesday, January 21st. Wall Street Zen upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. increased their price target on Dillard’s from $411.00 to $524.00 and gave the stock an “underweight” rating in a report on Tuesday, November 25th. UBS Group raised their price objective on Dillard’s from $184.00 to $460.00 and gave the stock a “sell” rating in a research report on Friday, November 28th. Finally, Zacks Research raised shares of Dillard’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $511.33.

Dillard’s Trading Up 3.9%

The company has a 50 day moving average of $656.12 and a 200-day moving average of $597.25. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 17.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 2.19.

Dillard’s (NYSE:DDS) last released its earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.88. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.Dillard’s’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $7.73 EPS. On average, research analysts anticipate that Dillard’s, Inc. will post 33.25 earnings per share for the current year.

Dillard’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard’s’s dividend payout ratio is 3.26%.

Institutional Trading of Dillard’s

A number of large investors have recently modified their holdings of DDS. Quarry LP purchased a new position in Dillard’s in the third quarter valued at $33,000. CoreCap Advisors LLC acquired a new stake in Dillard’s in the 3rd quarter valued at about $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the period. Torren Management LLC acquired a new position in shares of Dillard’s during the fourth quarter worth about $68,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Dillard’s by 43.8% during the third quarter. PNC Financial Services Group Inc. now owns 128 shares of the company’s stock worth $79,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.