Dillard's (NYSE:DDS) Reaches New 52-Week High - What's Next?

Key Points

• Dillard's shares reached a new 52-week high of $580.68, reflecting robust trading activity with a last traded price of $578.60.
• The company recently reported $4.66 earnings per share for the quarter, exceeding analysts' expectations, supported by revenue of $1.51 billion.
• Dillard's announced an increase in its quarterly dividend from $0.25 to $0.30, indicative of solid financial performance and commitment to returning value to shareholders.

Dillard's, Inc. (NYSE:DDS - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $580.68 and last traded at $578.60, with a volume of 155559 shares changing hands. The stock had previously closed at $576.96.

Analysts Set New Price Targets

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

Dillard's Price Performance

The firm's 50-day moving average is $500.28 and its 200-day moving average is $417.78. The company has a market capitalization of $8.99 billion, a PE ratio of 15.86 and a beta of 0.99. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.

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

Dillard's Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, September 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.2%. This is a boost from Dillard's's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, September 30th. Dillard's's dividend payout ratio (DPR) is presently 3.31%.

Institutional Trading of Dillard's

Several hedge funds have recently added to or reduced their stakes in DDS. Northern Trust Corp lifted its stake in Dillard's by 36.1% in the fourth quarter. Northern Trust Corp now owns 25,217 shares of the company's stock worth $10,887,000 after purchasing an additional 6,683 shares during the last quarter. Deutsche Bank AG lifted its stake in Dillard's by 275.4% in the fourth quarter. Deutsche Bank AG now owns 976 shares of the company's stock worth $421,000 after purchasing an additional 716 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Dillard's by 43.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,903 shares of the company's stock worth $1,253,000 after purchasing an additional 873 shares during the last quarter. Millennium Management LLC lifted its stake in Dillard's by 3,989.8% in the fourth quarter. Millennium Management LLC now owns 37,790 shares of the company's stock worth $16,315,000 after purchasing an additional 36,866 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Dillard's in the fourth quarter worth $285,000. 67.15% of the stock is 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.