Dillard’s (NYSE:DDS) Reaches New 1-Year High – Still a Buy?

Dillard’s, Inc. (NYSE:DDS) hit a new 52-week high during trading on Tuesday . The company traded as high as $494.52 and last traded at $494.15, with a volume of 26489 shares trading hands. The stock had previously closed at $489.62.

Analysts Set New Price Targets

DDS has been the subject of several recent research reports. UBS Group lifted their price objective on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a report on Friday, November 15th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Telsey Advisory Group raised their price objective on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

Dillard’s Stock Up 1.1 %

The stock has a fifty day simple moving average of $453.03 and a two-hundred day simple moving average of $405.47. The firm has a market cap of $7.87 billion, a PE ratio of 12.74 and a beta of 0.88. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27.

Dillard’s Announces Dividend

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

Insider Activity

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

Institutional Investors Weigh In On Dillard’s

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Dillard’s by 177.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 61 shares of the company’s stock valued at $26,000 after acquiring an additional 39 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Dillard’s in the 3rd quarter worth $29,000. US Bancorp DE boosted its position in Dillard’s by 61.3% during the third quarter. US Bancorp DE now owns 129 shares of the company’s stock valued at $49,000 after buying an additional 49 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Dillard’s during the third quarter valued at about $70,000. Finally, Signaturefd LLC increased its holdings in shares of Dillard’s by 1,500.0% in 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. Institutional investors own 67.15% of the company’s stock.

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.