Dillard's (NYSE:DDS) Reaches New 52-Week High After Analyst Upgrade

Key Points

• Dillard's share price reached a new 52-week high of $511.02 following an upgrade from JPMorgan Chase & Co., which raised its price target from $368.00 to $458.00.
• Despite the upgrade, other analysts, including Wall Street Zen and UBS Group, have recently lowered their ratings on the stock, reflecting a mixed outlook among equity research analysts.
• In addition to stock performance, Dillard's announced a quarterly dividend of $0.25, resulting in an annual yield of 0.20%.

Dillard's, Inc. (NYSE:DDS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $368.00 to $458.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Dillard's traded as high as $511.02 and last traded at $509.60, with a volume of 28760 shares trading hands. The stock had previously closed at $499.13.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. UBS Group lifted their price target on shares of Dillard's from $150.00 to $170.00 and gave the company a "sell" rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $450.00 price objective on shares of Dillard's in a report on Friday, May 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDS. PNC Financial Services Group Inc. raised its holdings in shares of Dillard's by 62.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 99 shares of the company's stock worth $35,000 after acquiring an additional 38 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Dillard's during the 4th quarter worth $36,000. GAMMA Investing LLC raised its holdings in shares of Dillard's by 220.7% during the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company's stock worth $39,000 after acquiring an additional 64 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dillard's by 110.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company's stock worth $50,000 after acquiring an additional 73 shares during the period. Finally, Whipplewood Advisors LLC raised its holdings in shares of Dillard's by 2,980.0% during the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company's stock worth $55,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Stock Performance

The company has a current ratio of 2.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $425.20 and a 200 day moving average price of $406.25. The firm has a market cap of $7.99 billion, a PE ratio of 14.12 and a beta of 0.99.

Dillard's (NYSE:DDS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.10 by $1.29. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Dillard's had a net margin of 8.93% and a return on equity of 30.52%. During the same period in the previous year, the firm earned $11.10 EPS. As a group, equities research analysts expect that Dillard's, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 0.20%. Dillard's's dividend payout ratio (DPR) is currently 2.76%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.