Dillard’s (NYSE:DDS) Stock Crosses Above 200 Day Moving Average – Here’s Why

Dillard’s, Inc. (NYSE:DDS) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $598.16 and traded as high as $677.50. Dillard’s shares last traded at $673.64, with a volume of 58,134 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on DDS shares. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. UBS Group increased their price objective 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. Weiss Ratings cut shares of Dillard’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Zacks Research downgraded shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price 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 research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $545.67.

Dillard’s Stock Up 4.8%

The stock has a market cap of $11.24 billion, a PE ratio of 16.88 and a beta of 1.11. 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 company’s 50-day moving average price is $644.76 and its 200 day moving average price is $599.99.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Thursday, August 13th. The company reported $6.25 earnings per share for the quarter, topping the consensus estimate of $4.29 by $1.96. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dillard’s had a net margin of 10.48% and a return on equity of 31.88%. As a group, analysts forecast that Dillard’s, Inc. will post 35.50 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, September 30th. Dillard’s’s dividend payout ratio (DPR) is currently 2.75%.

Institutional Investors Weigh In On Dillard’s

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in shares of Dillard’s by 18.7% in the 1st quarter. Renaissance Technologies LLC now owns 142,180 shares of the company’s stock worth $81,343,000 after purchasing an additional 22,400 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Dillard’s by 6.4% during the second quarter. Wedge Capital Management L L P NC now owns 65,318 shares of the company’s stock valued at $34,515,000 after purchasing an additional 3,907 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Dillard’s by 1,331.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 40,715 shares of the company’s stock valued at $23,293,000 after purchasing an additional 37,871 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Dillard’s by 101.3% during the second quarter. Squarepoint Ops LLC now owns 33,581 shares of the company’s stock valued at $17,745,000 after purchasing an additional 16,901 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Dillard’s by 1.1% during the third quarter. Nisa Investment Advisors LLC now owns 10,528 shares of the company’s stock valued at $7,057,000 after purchasing an additional 116 shares during the period. Institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc is an American department store company that sells a broad selection of fashion apparel, accessories, cosmetics, footwear, and home furnishings. Its merchandise is offered through department stores and its e-commerce platform, serving customers seeking national and private-label brands across a range of product categories.

The company was founded in 1938 by William T. Dillard and is headquartered in Little Rock, Arkansas. Over time, Dillard’s expanded through the acquisition and development of department stores, establishing a strong presence in the Southern, Southwestern, and Midwestern United States.