Dillard's (NYSE:DDS) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Dillard's, Inc. (NYSE:DDS - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $597.25 and traded as high as $638.85. Dillard's shares last traded at $630.9650, with a volume of 125,253 shares trading hands.Analyst Ratings ChangesConsumers Got Coal, But Santa Dropped Off Big Gains for These 2 RetailersDDS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Dillard's in a report on Wednesday, January 21st. Wall Street Zen upgraded Dillard's from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. increased their price target on Dillard's from $411.00 to $524.00 and gave the stock an "underweight" rating in a report on Tuesday, November 25th. UBS Group raised their price objective on Dillard's from $184.00 to $460.00 and gave the stock a "sell" rating in a research report on Friday, November 28th. Finally, Zacks Research raised shares of Dillard's from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $511.33.Check Out Our Latest Stock Analysis on Dillard'sDillard's Trading Up 3.9%The company has a 50 day moving average of $656.12 and a 200-day moving average of $597.25. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 17.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 2.19. Dillard's (NYSE:DDS - Get Free Report) last released its earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.88. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dillard's had a return on equity of 30.50% and a net margin of 8.90%.Dillard's's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $7.73 EPS. On average, research analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year. Dillard's Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.2%. Dillard's's dividend payout ratio is 3.26%. Institutional Trading of Dillard'sA number of large investors have recently modified their holdings of DDS. Quarry LP purchased a new position in Dillard's in the third quarter valued at $33,000. CoreCap Advisors LLC acquired a new stake in Dillard's in the 3rd quarter valued at about $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 period. Torren Management LLC acquired a new position in shares of Dillard's during the fourth quarter worth about $68,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Dillard's by 43.8% during the third quarter. PNC Financial Services Group Inc. now owns 128 shares of the company's stock worth $79,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock. About Dillard's (Get Free Report)Dillard's, Inc NYSE: DDS, headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard's equity is publicly traded on the New York Stock Exchange under the ticker DDS. The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men's and women's apparel, accessories, cosmetics, footwear, and home furnishings.Recommended StoriesFive stocks we like better than Dillard'sThe day the gold market brokeForget AI, This Will Be the Next Big Tech Breakthrough~$1.5T SpaceX IPO: Pre-IPO OpportunityGold’s getting scarce.End of America UpdateThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Dillard's Right Now?Before you consider Dillard's, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dillard's wasn't on the list.While Dillard's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here