Dillard's (NYSE:DDS) Share Price Breaks Above 200 Day Moving Average - Here's What Happened

Key Points

• Dillard’s shares broke above their 200-day moving average of $589.96, reaching as high as $702.30 before last trading near $672.20.
• Despite the technical gain, analyst sentiment remains cautious: three analysts rate the stock Hold and two rate it Sell, with an average target price of $545.67.
• The company reported strong quarterly results, earning $6.25 per share versus the $4.29 consensus estimate and generating $1.53 billion in revenue. Dillard’s also declared a quarterly dividend of $0.30 per share.

Dillard's, Inc. (NYSE:DDS - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $589.96 and traded as high as $702.30. Dillard's shares last traded at $672.1970, with a volume of 256,876 shares.

Wall Street Analyst Weigh In

DDS has been the subject of several research reports. Zacks Research cut Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Weiss Ratings cut Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a report on Saturday, September 12th. UBS Group boosted their target price on shares of Dillard's from $465.00 to $468.00 and gave the company a "sell" rating in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dillard's from $496.00 to $519.00 and gave the company an "underweight" rating in a research note on Monday, August 17th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $545.67.

Dillard's Stock Down 0.8%

The stock has a 50-day moving average of $626.10 and a 200-day moving average of $589.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 1.58. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 15.40 and a beta of 1.15.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, beating the consensus estimate of $4.29 by $1.96. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.52 billion. Dillard's had a return on equity of 31.88% and a net margin of 10.48%. Sell-side analysts predict that Dillard's, Inc. will post 35.5 EPS for the current fiscal year.

Dillard's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Wednesday, September 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Dillard's's payout ratio is 2.75%.

Institutional Investors Weigh In On Dillard's

Large investors have recently bought and sold shares of the company. Tidal Investments LLC increased its holdings in Dillard's by 26.1% in the 2nd quarter. Tidal Investments LLC now owns 3,003 shares of the company's stock valued at $1,587,000 after buying an additional 621 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Dillard's during the 2nd quarter worth approximately $233,000. Integrated Wealth Concepts LLC bought a new stake in shares of Dillard's during the 2nd quarter worth approximately $69,000. NewEdge Advisors LLC boosted its position in shares of Dillard's by 4.1% during the 2nd quarter. NewEdge Advisors LLC now owns 1,408 shares of the company's stock worth $744,000 after acquiring an additional 56 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Dillard's by 101.3% during the 2nd quarter. Squarepoint Ops LLC now owns 33,581 shares of the company's stock worth $17,745,000 after acquiring an additional 16,901 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Dillard's

Dillard's, Inc is an American department store retailer that sells fashion apparel, accessories, cosmetics, home furnishings and other merchandise. Its offerings include products for women, men and children, as well as footwear, jewelry, beauty products and home goods. The company also operates an e-commerce business through its website.

Founded in 1938 by William T. Dillard, the company grew from a single store into a national department store chain through organic expansion and acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.