Dillard's (NYSE:DDS) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Dillard’s shares rose above their 200-day moving average of $585.55, reaching as high as $650 before last trading at approximately $626.10.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a consensus price target of $545.67, below its recent trading price.
• Dillard’s reported a strong quarterly performance, with EPS of $6.25 versus the $4.29 consensus estimate and revenue of $1.53 billion; it also declared a quarterly dividend of $0.30 per share.

Shares of 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 $585.55 and traded as high as $650.00. Dillard's shares last traded at $626.1020, with a volume of 160,080 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on DDS. Wall Street Zen raised shares of Dillard's from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. 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 note on Monday, August 17th. Zacks Research cut shares of Dillard's from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their price target on shares of Dillard's from $496.00 to $519.00 and gave the stock an "underweight" rating in a research report on Monday, August 17th. Finally, Weiss Ratings lowered shares of Dillard's from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $545.67.

Dillard's Trading Down 2.9%

The firm has a market cap of $9.78 billion, a P/E ratio of 14.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 3.03. The firm has a fifty day moving average of $592.10 and a 200-day moving average of $585.55.

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

Dillard's Dividend Announcement

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

Institutional Trading of Dillard's

Hedge funds have recently bought and sold shares of the company. Nykredit A S bought a new position in Dillard's in the 2nd quarter worth about $26,000. Rockefeller Capital Management L.P. boosted its position in shares of Dillard's by 108.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 48 shares of the company's stock worth $29,000 after buying an additional 25 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Dillard's during the fourth quarter worth approximately $29,000. Quarry LP bought a new position in Dillard's in the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Dillard's by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company's stock worth $37,000 after buying an additional 79 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors.

Dillard's Company Profile

Dillard's, Inc NYSE: DDS, headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard's equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men's and women's apparel, accessories, cosmetics, footwear, and home furnishings.

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