Duluth Holdings Inc. (DLTH) Hits New 1-Year High at $27.60
Duluth Holdings Inc. (NASDAQ:DLTH) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $27.60 and last traded at $27.40, with a volume of 148,635 shares traded. The stock had previously closed at $27.15.
Several brokerages have commented on DLTH. 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. Zacks Investment Research cut shares of Duluth Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Robert W. Baird reiterated an “outperform” rating and issued a $29.00 target price on shares of Duluth Holdings in a report on Wednesday, July 6th. Stifel Nicolaus began coverage on shares of Duluth Holdings in a report on Friday, May 27th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Wunderlich began coverage on shares of Duluth Holdings in a report on Tuesday. They issued a “buy” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Duluth Holdings has an average rating of “Buy” and an average price target of $26.83.
The company has a 50 day moving average of $24.54 and a 200-day moving average of $21.29. The company has a market capitalization of $897.24 million and a price-to-earnings ratio of 41.56.
Duluth Holdings (NASDAQ:DLTH) last released 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 business earned $68.60 million during the quarter, compared to the consensus estimate of $69.68 million. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts anticipate that Duluth Holdings Inc. will post $0.69 EPS for the current year.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction dated 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 approximately $82,058.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brenda I. Morris sold 6,250 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $25.55, for a total value of $159,687.50. The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in DLTH. Russell Frank Co purchased a new stake in shares of Duluth Holdings during the fourth quarter valued at $2,834,000. Royce & Associates LLC purchased a new stake in shares of Duluth Holdings during the fourth quarter valued at $1,824,000. Finally, Nicholas Co. Inc. WI purchased a new stake in shares of Duluth Holdings during the fourth quarter valued at $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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