Dillard’s (NYSE:DDS) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

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 $399.58 and traded as high as $453.72. Dillard’s shares last traded at $451.95, with a volume of 102,465 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on DDS. Telsey Advisory Group boosted 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 report on Friday, November 15th. UBS Group upped their price objective on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research note on Friday, November 15th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

Dillard’s Trading Down 0.3 %

The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $431.91 and its two-hundred day moving average is $400.15. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 11.58 and a beta of 0.89.

Dillard’s Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were issued a $25.00 dividend. This represents a dividend yield of 5.68%. The ex-dividend date of this dividend was Friday, December 13th. Dillard’s’s dividend payout ratio (DPR) is 2.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DDS. Capital Performance Advisors LLP acquired a new position in shares of Dillard’s during the third quarter valued at $29,000. US Bancorp DE grew its position in Dillard’s by 61.3% in the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after purchasing an additional 49 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dillard’s in the third quarter valued at approximately $70,000. Point72 Hong Kong Ltd raised its holdings in shares of Dillard’s by 430.3% during the second quarter. Point72 Hong Kong Ltd now owns 175 shares of the company’s stock valued at $77,000 after buying an additional 142 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Dillard’s by 1,500.0% during the third quarter. Signaturefd LLC now owns 224 shares of the company’s stock worth $86,000 after buying an additional 210 shares during the period. 67.15% of the stock is currently owned by institutional investors.

Dillard’s Company Profile

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.