Dillard’s (NYSE:DDS) Stock Price Up 3.3%

Dillard’s, Inc. (NYSE:DDS – Get Rating)’s share price rose 3.3% during mid-day trading on Wednesday . The company traded as high as $295.21 and last traded at $291.01. Approximately 46,538 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 149,183 shares. The stock had previously closed at $281.69.

Analyst Upgrades and Downgrades

DDS has been the subject of a number of recent research reports. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Telsey Advisory Group dropped their price target on Dillard’s from $380.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, May 12th. Finally, JPMorgan Chase & Co. dropped their price target on Dillard’s from $286.00 to $277.00 in a research note on Monday, May 8th.

Dillard’s Price Performance

The company has a 50 day moving average price of $299.28 and a 200-day moving average price of $336.00. The company has a quick ratio of 0.92, a current ratio of 2.10 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 5.80 and a beta of 0.89.

Dillard’s (NYSE:DDS – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The company reported $14.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.85 by $5.65. Dillard’s had a return on equity of 50.46% and a net margin of 12.30%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.11 billion. As a group, equities research analysts predict that Dillard’s, Inc. will post 33.73 EPS for the current fiscal year.

Dillard’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, June 29th. Dillard’s’s payout ratio is presently 1.63%.

Institutional Trading of Dillard’s

Several institutional investors have recently added to or reduced their stakes in DDS. Envestnet Asset Management Inc. boosted its holdings in Dillard’s by 14,924.6% in the first quarter. Envestnet Asset Management Inc. now owns 178,943 shares of the company’s stock valued at $151,000 after acquiring an additional 177,752 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Dillard’s by 2,550.0% in the first quarter. Renaissance Technologies LLC now owns 53,000 shares of the company’s stock valued at $14,225,000 after acquiring an additional 51,000 shares during the last quarter. Millennium Management LLC boosted its holdings in Dillard’s by 206.9% in the fourth quarter. Millennium Management LLC now owns 74,487 shares of the company’s stock valued at $24,074,000 after acquiring an additional 50,216 shares during the last quarter. Norges Bank bought a new position in shares of Dillard’s during the 4th quarter worth approximately $14,508,000. Finally, UBS Group AG boosted its holdings in shares of Dillard’s by 187.7% during the 1st quarter. UBS Group AG now owns 16,698 shares of the company’s stock worth $5,138,000 after buying an additional 35,746 shares in the last quarter. 55.94% of the stock is currently owned by institutional investors.

Dillard’s Company Profile

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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.