Dillard’s (NYSE:DDS) Reaches New 12-Month High – Should You Buy?

Dillard’s, Inc. (NYSE:DDS) shares reached a new 52-week high on Tuesday . The company traded as high as $492.99 and last traded at $480.59, with a volume of 28201 shares. The stock had previously closed at $476.85.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DDS. Telsey Advisory Group raised their target price on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. StockNews.com lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, UBS Group raised their target price on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research note on Friday, November 15th.

Dillard’s Trading Up 0.2 %

The stock has a market cap of $7.60 billion, a PE ratio of 12.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The company’s 50-day moving average price is $447.17 and its 200 day moving average price is $402.02.

Dillard’s Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were given a dividend of $25.00 per share. This represents a dividend yield of 5.68%. The ex-dividend date was Friday, December 13th. Dillard’s’s payout ratio is presently 2.57%.

Insider Activity

In other Dillard’s news, VP Tom W. Bolin sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total value of $130,035.00. Following the sale, the vice president now owns 1,167 shares of the company’s stock, valued at $505,836.15. The trade was a 20.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 33.80% of the company’s stock.

Institutional Trading of Dillard’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank grew its stake in shares of Dillard’s by 366.9% in the second quarter. Amalgamated Bank now owns 551 shares of the company’s stock worth $243,000 after acquiring an additional 433 shares in the last quarter. Bank of Montreal Can raised its position in Dillard’s by 40.1% in the 2nd quarter. Bank of Montreal Can now owns 3,121 shares of the company’s stock valued at $1,376,000 after purchasing an additional 893 shares in the last quarter. AXA S.A. purchased a new position in shares of Dillard’s in the 2nd quarter valued at about $1,854,000. AQR Capital Management LLC grew its position in shares of Dillard’s by 1.9% during the second quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock worth $1,209,000 after buying an additional 50 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Dillard’s by 38.4% during the second quarter. Millennium Management LLC now owns 29,030 shares of the company’s stock worth $12,785,000 after buying an additional 8,051 shares during the period. Hedge funds and other institutional investors 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.