Duluth Holdings Inc. (DLTH) Stock Price Up 2.9%
Duluth Holdings Inc. (NASDAQ:DLTH) shares rose 2.9% during mid-day trading on Monday . The company traded as high as $25.56 and last traded at $25.53, with a volume of 178,204 shares changing hands. The stock had previously closed at $24.80.
DLTH has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on Duluth Holdings from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, April 8th. Robert W. Baird reissued an “outperform” rating and issued a $29.00 target price on shares of Duluth Holdings in a report on Wednesday, July 6th. Stifel Nicolaus assumed coverage on Duluth Holdings in a report on Friday, May 27th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research downgraded Duluth Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $26.20.
The company has a 50 day moving average price of $24.40 and a 200 day moving average price of $21.16. The company has a market capitalization of $826.36 million and a price-to-earnings ratio of 38.28.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $69.68 million. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities analysts expect that Duluth Holdings Inc. will post $0.69 EPS for the current year.
In other Duluth Holdings news, 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 value of $159,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of Duluth Holdings stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $24.62, for a total transaction 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 $82,058.46. The disclosure for this sale can be found here.
Several hedge funds recently made changes to their positions in the stock. TD Asset Management Inc. bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $1,004,000. Nicholas Co. Inc. WI bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $1,469,000. Royce & Associates LLC bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $1,824,000. Finally, Russell Frank Co bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $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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