Dillard's Touches 52-Week High: What's Driving the Stock?

Dillard’s, Inc. DDSappears quite promising backed by its growth strategies, unique merchandise offerings and impressive first-quarter fiscal 2018 results.

Notably, Dillard’s shares hit a 52-week high of $94.43 on Jun 8, though it closed a tad lower at $93.84. This uptrend can be attributed to the company’s solid start to fiscal 2018.

In the fiscal first quarter, both earnings and revenues outpaced the estimates and improved year over year. In fact, the stock gained as much as 30.3% since it reported quarterly numbers on May 17.

Further, this Zacks Rank #2 (Buy) company’s shares have surged a whopping 64.9% in the past six months compared with the industry’s rally of 54.8%. Also, Dillard’s long-term earnings growth rate of 9.9% and a VGM Scoreof A are encouraging.