Dillard's (NYSE:DDS) Sets New 52-Week High - Here's What Happened

Shares of Dillard's, Inc. (NYSE:DDS - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $494.52 and last traded at $494.15, with a volume of 26489 shares changing hands. The stock had previously closed at $489.62.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Telsey Advisory Group raised their target price on shares of Dillard's from $380.00 to $450.00 and gave the company a "market perform" rating in a report on Friday, November 15th. StockNews.com upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on Dillard's from $194.00 to $198.00 and gave the company a "sell" rating in a report on Friday, November 15th.

Dillard's Trading Down 0.9 %

The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $457.05 and a 200 day simple moving average of $407.92. The firm has a market cap of $7.85 billion, a PE ratio of 12.72 and a beta of 0.88.

Dillard's Dividend Announcement

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

Insider Buying and Selling at Dillard's

In other news, VP Tom W. Bolin sold 300 shares of Dillard's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $433.45, for a total transaction of $130,035.00. Following the transaction, the vice president now owns 1,167 shares in the company, valued at $505,836.15. The trade was a 20.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 33.80% of the stock is currently owned by insiders.

Institutional Trading of Dillard's

A number of hedge funds and other institutional investors have recently modified their holdings of DDS. PNC Financial Services Group Inc. increased its position in shares of Dillard's by 177.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 61 shares of the company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Dillard's in the 3rd quarter valued at about $29,000. Aster Capital Management DIFC Ltd acquired a new position in Dillard's in the 4th quarter valued at about $36,000. 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 valued at $49,000 after acquiring an additional 49 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Dillard's in the 3rd quarter valued at about $70,000. 67.15% of the stock is owned by institutional investors and hedge funds.

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.