Dillard's, Inc. (NYSE:DDS)’s share price hit a new 52-week high during trading on Tuesday after Deutsche Bank raised their price target on the stock from $51.00 to $52.00. Deutsche Bank currently has a sell rating on the stock. Dillard's traded as high as $83.48 and last traded at $83.51, with a volume of 3538780 shares changing hands. The stock had previously closed at $70.93.
A number of other research firms have also recently issued reports on DDS. Zacks Investment Research upgraded shares of Dillard's from a “hold” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, December 19th. ValuEngine cut shares of Dillard's from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $52.67.
Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. acquired a new position in Dillard's during the 4th quarter worth approximately $174,000. MANA Advisors LLC acquired a new position in Dillard's during the 4th quarter worth approximately $200,000. Macquarie Group Ltd. acquired a new position in Dillard's during the 4th quarter worth approximately $210,000. OxFORD Asset Management LLP acquired a new position in Dillard's during the 3rd quarter worth approximately $275,000. Finally, Two Sigma Securities LLC acquired a new position in Dillard's during the 4th quarter worth approximately $284,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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