Duluth Holdings Inc. (DLTH) Sees Strong Trading Volume
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) saw an uptick in trading volume on Tuesday . 222,218 shares were traded during trading, an increase of 25% from the previous session’s volume of 178,259 shares.The stock last traded at $25.00 and had previously closed at $24.98.
Several research firms have recently commented on DLTH. BMO Capital Markets restated a “buy” rating and set a $28.00 price objective on shares of Duluth Holdings in a report on Wednesday, June 8th. Stifel Nicolaus began coverage on Duluth Holdings in a report on Friday, May 27th. They set a “buy” rating and a $28.00 price objective for the company. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday. Finally, Robert W. Baird restated an “outperform” rating and set a $29.00 price objective on shares of Duluth Holdings in a report on Wednesday, July 6th. Six research analysts have rated the stock with a buy rating, Duluth Holdings currently has a consensus rating of “Buy” and an average price target of $26.20.
The company has a market capitalization of $804.34 million and a price-to-earnings ratio of 37.26. The stock has a 50 day moving average of $24.39 and a 200 day moving average of $20.86.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $69.68 million. The firm’s revenue was up 20.8% on a year-over-year basis. Analysts forecast that Duluth Holdings Inc. will post $0.69 EPS for the current fiscal year.
In related news, Director William E. Ferry sold 4,180 shares of Duluth Holdings 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 owns 3,333 shares in the company, valued at approximately $82,058.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda I. Morris sold 6,250 shares of Duluth Holdings stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $25.55, for a total transaction of $159,687.50. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of DLTH. TD Asset Management Inc. bought a new stake in Duluth Holdings during the fourth quarter valued at $1,004,000. Nicholas Co. Inc. WI bought a new stake in Duluth Holdings during the fourth quarter valued at $1,469,000. Morgan Stanley bought a new stake in Duluth Holdings during the fourth quarter valued at $1,524,000. Royce & Associates LLC bought a new stake in Duluth Holdings during the fourth quarter valued at $1,824,000. Finally, Russell Frank Co bought a new stake in Duluth Holdings during the fourth quarter valued at $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.
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