Duluth Holdings Inc. (DLTH) Trading Up 3.2%
Duluth Holdings Inc. (NASDAQ:DLTH)’s share price was up 3.2% during mid-day trading on Monday . The company traded as high as $25.07 and last traded at $25.00, with a volume of 174,915 shares changing hands. The stock had previously closed at $24.23.
A number of equities analysts recently issued reports on DLTH shares. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, April 11th. Robert W. Baird reiterated a “buy” rating on shares of Duluth Holdings in a report on Saturday, April 9th. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 target price on shares of Duluth Holdings in a report on Wednesday, June 8th. Finally, Stifel Nicolaus started coverage on Duluth Holdings in a report on Friday, May 27th. They issued a “buy” rating and a $28.00 target price for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Duluth Holdings currently has an average rating of “Buy” and a consensus price target of $25.60.
The company has a market capitalization of $809.20 million and a PE ratio of 37.48. The company has a 50-day moving average of $24.60 and a 200-day moving average of $20.46.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company earned $68.60 million during the quarter, compared to analyst estimates of $69.68 million. The firm’s revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts anticipate that Duluth Holdings Inc. will post $0.69 earnings per share for the current year.
In related news, Director Brenda I. Morris sold 6,250 shares of the stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $25.55, for a total value of $159,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Ferry sold 4,180 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $24.62, for a total value of $102,911.60. Following the completion of the sale, the director now directly owns 3,333 shares of the company’s stock, valued at approximately $82,058.46. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of the stock. Royce & Associates LLC bought a new stake in Duluth Holdings during the fourth quarter valued at approximately $1,824,000. Morgan Stanley bought a new stake in Duluth Holdings during the fourth quarter valued at approximately $1,524,000. TD Asset Management Inc. bought a new stake in Duluth Holdings during the fourth quarter valued at approximately $1,004,000. Finally, Russell Frank Co bought a new stake in Duluth Holdings during the fourth quarter valued at approximately $2,834,000.
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.