Dillard’s (NYSE:DDS) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Dillard’s, Inc. (NYSE:DDS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DDS. UBS Group boosted their target price on shares of Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research report on Friday, November 15th. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Telsey Advisory Group upped their price objective on Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

Dillard’s Price Performance

The company has a fifty day moving average of $428.97 and a 200 day moving average of $399.58. The firm has a market capitalization of $7.19 billion, a P/E ratio of 11.63 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02.

Dillard’s Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DDS. Principal Financial Group Inc. increased its stake in Dillard’s by 7.2% in the second quarter. Principal Financial Group Inc. now owns 4,579 shares of the company’s stock valued at $2,017,000 after purchasing an additional 308 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Dillard’s by 52.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,927 shares of the company’s stock valued at $849,000 after buying an additional 660 shares during the period. American Century Companies Inc. increased its position in Dillard’s by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 42,803 shares of the company’s stock valued at $18,850,000 after buying an additional 830 shares in the last quarter. Renaissance Technologies LLC raised its stake in Dillard’s by 36.0% during the 2nd quarter. Renaissance Technologies LLC now owns 124,200 shares of the company’s stock worth $54,696,000 after buying an additional 32,900 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in Dillard’s by 592.9% in the second quarter. Edgestream Partners L.P. now owns 11,482 shares of the company’s stock worth $5,057,000 after acquiring an additional 9,825 shares in the last quarter. Institutional investors and hedge funds 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.