Duluth Holdings Inc. (DLTH) Reaches New 52-Week High at $29.71
Duluth Holdings Inc. (NASDAQ:DLTH) shares reached a new 52-week high on Wednesday . The company traded as high as $29.71 and last traded at $28.69, with a volume of 78,975 shares. The stock had previously closed at $29.21.
A number of research analysts recently weighed in on DLTH shares. Zacks Investment Research downgraded Duluth Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 15th. 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 target on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target 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 target on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.83.
The company has a market capitalization of $922.65 million and a PE ratio of 42.736. The company has a 50 day moving average price of $25.02 and a 200 day moving average price of $21.69.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings data 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 the consensus estimate of $69.68 million. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts predict that Duluth Holdings Inc. will post $0.69 earnings per share for the current fiscal year.
In related news, Director Brenda I. Morris sold 6,250 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $24.61, for a total value of $102,869.80. Following the completion of the sale, the director now directly owns 3,333 shares in the company, valued at $82,025.13. The disclosure for this sale can be found here.
Other hedge funds have bought and sold shares of the company. Nicholas Co. Inc. WI acquired a new stake in Duluth Holdings during the fourth quarter valued at about $1,469,000. Royce & Associates LLC acquired a new stake in Duluth Holdings during the fourth quarter valued at about $1,824,000. Finally, Russell Frank Co acquired 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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