Duluth Holdings Inc. (DLTH) Sees Strong Trading Volume
Duluth Holdings Inc. (NASDAQ:DLTH) saw strong trading volume on Tuesday . 292,585 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 185,379 shares.The stock last traded at $25.45 and had previously closed at $25.53.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Duluth Holdings from a “buy” rating to a “hold” rating in a report on Tuesday. Wunderlich assumed coverage on Duluth Holdings in a report on Tuesday. They issued a “buy” rating and a $30.00 price objective for the company. Robert W. Baird reissued an “outperform” rating and issued a $29.00 price objective on shares of Duluth Holdings in a report on Wednesday, July 6th. BMO Capital Markets reissued a “buy” rating and issued a $28.00 price objective on shares of Duluth Holdings in a report on Wednesday, June 8th. Finally, Stifel Nicolaus assumed coverage on Duluth Holdings in a report on Friday, May 27th. They issued a “buy” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.83.
The company has a market capitalization of $833.48 million and a price-to-earnings ratio of 38.61. The firm’s 50-day moving average price is $24.45 and its 200-day moving average price is $21.25.
Duluth Holdings (NASDAQ:DLTH) last released its earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company earned $68.60 million during the quarter, compared to the consensus estimate of $69.68 million. Duluth Holdings’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities research analysts expect that Duluth Holdings Inc. will post $0.69 earnings per share for the current fiscal year.
In other news, Director Brenda I. Morris sold 6,250 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $25.55, for a total transaction of $159,687.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 3,333 shares in the company, valued at $82,058.46. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have made changes to their positions in the company. TD Asset Management Inc. acquired a new position in shares of Duluth Holdings during the fourth quarter worth about $1,004,000. Russell Frank Co acquired a new position in shares of Duluth Holdings during the fourth quarter worth about $2,834,000. Royce & Associates LLC acquired a new position in shares of Duluth Holdings during the fourth quarter worth about $1,824,000. Finally, Nicholas Co. Inc. WI acquired a new position in shares of Duluth Holdings during the fourth quarter worth about $1,469,000.
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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