Duluth Holdings Inc. (DLTH) Reaches New 1-Year High at $30.20
Duluth Holdings Inc. (NASDAQ:DLTH)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.20 and last traded at $29.91, with a volume of 168,039 shares changing hands. The stock had previously closed at $28.68.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Duluth Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. BMO Capital Markets restated a “buy” rating and issued a $28.00 target price on shares of Duluth Holdings in a research note on Wednesday, June 8th. Wunderlich assumed coverage on shares of Duluth Holdings in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of Duluth Holdings in a research note on Friday, May 27th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Robert W. Baird restated an “outperform” rating and issued a $29.00 target price on shares of Duluth Holdings in a research note on Wednesday, July 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.83.
The firm has a 50 day moving average of $25.71 and a 200 day moving average of $22.14. The firm has a market capitalization of $962.71 million and a PE ratio of 44.5915.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business earned $68.60 million during the quarter, compared to analysts’ expectations of $69.68 million. Duluth Holdings’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts expect that Duluth Holdings Inc. will post $0.69 earnings per share for the current fiscal year.
In other news, Director William E. Ferry sold 4,180 shares of the firm’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 transaction, the director now directly owns 3,333 shares of the company’s stock, valued at $82,025.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $159,687.50. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. Russell Frank Co acquired a new position in Duluth Holdings during the fourth quarter valued at $2,834,000. Royce & Associates LLC purchased a new position in shares of Duluth Holdings during the fourth quarter worth approximately $1,824,000. Finally, Nicholas Co. Inc. WI purchased a new position in shares of Duluth Holdings during the fourth quarter worth approximately $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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