Dillard’s (NYSE:DDS) Reaches New 12-Month High – Should You Buy?

Dillard’s, Inc. (NYSE:DDS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $629.27 and last traded at $620.72, with a volume of 4284 shares. The stock had previously closed at $623.76.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DDS. Telsey Advisory Group increased their price objective on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. increased their target price on Dillard’s from $368.00 to $458.00 and gave the stock an “underweight” rating in a report on Monday, July 28th. UBS Group increased their target price on Dillard’s from $170.00 to $175.00 and gave the stock a “sell” rating in a report on Friday, August 15th. Finally, Wall Street Zen cut Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus price target of $394.33.

Dillard’s Stock Performance

The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $9.71 billion, a P/E ratio of 17.11 and a beta of 0.99. The firm has a fifty day moving average of $532.00 and a 200-day moving average of $434.07.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, August 14th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.87. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business earned $11.09 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. Research analysts predict that Dillard’s, Inc. will post 33.25 earnings per share for the current fiscal year.

Dillard’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. This is an increase from Dillard’s’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Dillard’s’s payout ratio is 2.76%.

Institutional Investors Weigh In On Dillard’s

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Dillard’s by 62.3% during the first quarter. PNC Financial Services Group Inc. now owns 99 shares of the company’s stock worth $35,000 after purchasing an additional 38 shares during the period. EverSource Wealth Advisors LLC raised its position in Dillard’s by 790.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 89 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the last quarter. GAMMA Investing LLC raised its position in Dillard’s by 220.7% in the 2nd quarter. GAMMA Investing LLC now owns 93 shares of the company’s stock valued at $39,000 after buying an additional 64 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock valued at $50,000 after buying an additional 73 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its position in Dillard’s by 2,980.0% in the 1st quarter. Whipplewood Advisors LLC now owns 154 shares of the company’s stock valued at $55,000 after buying an additional 149 shares during 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.