Dillard's (NYSE:DDS) Sets New 1-Year High - Here's What Happened

Dillard's, Inc. (NYSE:DDS - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock 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.

Analyst Ratings Changes

A number of research analysts recently commented on DDS shares. StockNews.com raised Dillard's from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Telsey Advisory Group boosted their target price on shares of Dillard's from $380.00 to $450.00 and gave the company a "market perform" rating in a research report on Friday, November 15th. Finally, 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.

Dillard's Price Performance

The company has a 50 day moving average price of $458.04 and a 200-day moving average price of $408.82. 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 company has a market cap of $7.85 billion, a price-to-earnings ratio of 12.72 and a beta of 0.88.

Dillard's Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were paid a $25.00 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 5.68%. Dillard's's payout ratio is 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 transaction of $130,035.00. Following the completion of the sale, the vice president now directly owns 1,167 shares in the company, valued at $505,836.15. This represents a 20.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 33.80% of the company's stock.

Institutional Trading of Dillard's

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Dillard's by 177.3% during the fourth 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 period. Capital Performance Advisors LLP acquired a new stake in shares of Dillard's during the 3rd quarter worth approximately $29,000. Aster Capital Management DIFC Ltd acquired a new stake in Dillard's in the fourth quarter worth $36,000. US Bancorp DE grew its holdings in Dillard's by 61.3% in the third quarter. US Bancorp DE now owns 129 shares of the company's stock worth $49,000 after purchasing an additional 49 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Dillard's in the third quarter worth $70,000. 67.15% of the stock is currently 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.