Duluth Holdings Inc. (DLTH) Hits New 12-Month High at $27.60
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) reached a new 52-week high on Thursday . The company 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.
DLTH has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Duluth Holdings from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, April 8th. Robert W. Baird reaffirmed a “buy” rating on shares of Duluth Holdings in a research note on Saturday, April 9th. Zacks Investment Research raised Duluth Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, April 11th. Stifel Nicolaus assumed coverage on Duluth Holdings in a research note on Friday, May 27th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Wunderlich assumed coverage on Duluth Holdings in a research note on Tuesday. They issued a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.83.
The stock’s 50-day moving average is $24.78 and its 200-day moving average is $21.39. The firm has a market cap of $920.55 million and a PE ratio of 42.64.
Duluth Holdings (NASDAQ:DLTH) last released its earnings results on Tuesday, June 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $69.68 million. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts anticipate 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 the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $24.61, for a total transaction of $102,869.80. Following the completion of the sale, the director now owns 3,333 shares in the company, valued at $82,025.13. The transaction 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 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 institutional investors have recently made changes to their positions in the stock. Nicholas Co. Inc. WI purchased a new position in shares of Duluth Holdings during the fourth quarter worth approximately $1,469,000. Royce & Associates LLC purchased a new position in shares of Duluth Holdings during the fourth quarter worth approximately $1,824,000. Finally, Russell Frank Co purchased a new position in shares of Duluth Holdings during the fourth quarter worth 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.
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