Dillard's (NYSE:DDS) Hits New 1-Year High - What's Next?

Key Points

• Dillard's shares reached a new 52-week high of $610.00 but closed at $598.75, amidst varied analyst ratings with an average consensus of "Sell".
• The company reported an EPS of $4.66, exceeding expectations, and plans to increase its quarterly dividend to $0.30 per share, with a yield of 0.2%.
• Institutional investors own 67.15% of Dillard's stock, with notable increases in holdings from firms like New Vernon Capital Holdings and Goldman Sachs Group.

Shares of Dillard's, Inc. (NYSE:DDS - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $610.00 and last traded at $598.75, with a volume of 168869 shares changing hands. The stock had previously closed at $602.07.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. UBS Group increased their price target on shares of Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a report on Friday, August 15th. Wall Street Zen lowered Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Telsey Advisory Group upped their price objective on Dillard's from $450.00 to $550.00 and gave the company a "market perform" rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell" and an average price target of $394.33.

Dillard's Stock Down 4.3%

The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $518.65 and a 200 day simple moving average of $427.13. The company has a market cap of $8.97 billion, a P/E ratio of 15.81 and a beta of 0.99.

Dillard's (NYSE:DDS - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.87. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Dillard's had a net margin of 8.87% and a return on equity of 30.55%. The business's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $11.09 earnings per share. On average, equities analysts anticipate that Dillard's, Inc. will post 33.25 EPS for the current year.

Dillard's Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. This is a positive change from Dillard's's previous quarterly dividend of $0.25. Dillard's's dividend payout ratio (DPR) is currently 2.76%.

Institutional Trading of Dillard's

Several institutional investors and hedge funds have recently made changes to their positions in DDS. PNC Financial Services Group Inc. increased its position in Dillard's by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock valued at $35,000 after purchasing an additional 38 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Dillard's by 790.0% during the second 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. GAMMA Investing LLC increased its holdings in Dillard's by 220.7% during the second quarter. GAMMA Investing LLC now owns 93 shares of the company's stock valued at $39,000 after buying an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dillard's by 110.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock worth $50,000 after buying an additional 73 shares during the period. Finally, Whipplewood Advisors LLC boosted its position in Dillard's by 2,980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock valued at $55,000 after acquiring an additional 149 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

About Dillard's

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.