Duluth Holdings Inc. (DLTH) Sees Large Volume Increase
Duluth Holdings Inc. (NASDAQ:DLTH) shares saw an uptick in trading volume on Monday . 318,589 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 203,883 shares.The stock last traded at $28.96 and had previously closed at $28.44.
Several research firms have weighed in on DLTH. Zacks Investment Research raised Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 26th. Robert W. Baird reaffirmed a “buy” rating on shares of Duluth Holdings in a research note on Monday, May 16th. Stifel Nicolaus started coverage on Duluth Holdings in a research note on Friday, May 27th. They set a “buy” rating and a $28.00 price objective on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price objective on shares of Duluth Holdings in a research note on Wednesday, June 8th. Finally, Wunderlich started coverage on Duluth Holdings in a research note on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.83.
The company has a market cap of $945.15 million and a price-to-earnings ratio of 43.78. The company’s 50 day moving average price is $24.91 and its 200-day moving average price is $21.59.
Duluth Holdings (NASDAQ:DLTH) last issued its earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm earned $68.60 million during the quarter, compared to analysts’ expectations of $69.68 million. The business’s quarterly revenue 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 EPS for the current year.
In other Duluth Holdings news, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $24.61, for a total value of $102,869.80. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at approximately $82,025.13. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently modified their holdings of DLTH. 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 bought a new stake in Duluth Holdings during the fourth quarter valued at about $1,824,000. Finally, Russell Frank Co bought a new stake in 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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