Dillard's (NYSE:DDS) Reaches New 1-Year High - Should You Buy?

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 on Tuesday . The stock traded as high as $580.68 and last traded at $578.60, with a volume of 155559 shares trading hands. The stock had previously closed at $576.96.

Analyst Ratings Changes

DDS has been the subject of several research reports. Telsey Advisory Group increased 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. Wall Street Zen cut Dillard's from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. JPMorgan Chase & Co. upped their target price on Dillard's from $368.00 to $458.00 and gave the company an "underweight" rating in a research note on Monday, July 28th. Finally, UBS Group increased their price objective on Dillard's from $170.00 to $175.00 and gave the stock a "sell" rating in a research note 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Sell" and a consensus target price of $394.33.

Dillard's Stock Performance

The firm has a fifty day moving average of $497.90 and a 200-day moving average of $416.97. The firm has a market cap of $9.16 billion, a P/E ratio of 16.16 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 2.68 and a debt-to-equity ratio of 0.22.

Dillard's (NYSE:DDS - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.87. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. Dillard's had a return on equity of 30.55% and a net margin of 8.87%.The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $11.09 earnings per share. Research 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. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. This is an increase 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 2.76%.

Institutional Investors Weigh In On Dillard's

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of Dillard's by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,325 shares of the company's stock valued at $554,000 after acquiring an additional 23 shares during the period. US Bancorp DE lifted its position in shares of Dillard's by 12.3% during the 1st quarter. US Bancorp DE now owns 293 shares of the company's stock valued at $105,000 after acquiring an additional 32 shares during the period. Inspire Investing LLC lifted its position in shares of Dillard's by 3.5% during the 1st quarter. Inspire Investing LLC now owns 959 shares of the company's stock valued at $343,000 after acquiring an additional 32 shares during the period. Blue Trust Inc. lifted its position in shares of Dillard's by 13.0% during the 2nd quarter. Blue Trust Inc. now owns 279 shares of the company's stock valued at $117,000 after acquiring an additional 32 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Dillard's by 14.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 263 shares of the company's stock valued at $110,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 67.15% of the company's stock.

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.