Duluth Holdings Inc. (DLTH) Reaches New 12-Month High at $30.20
Duluth Holdings Inc. (NASDAQ:DLTH) reached a new 52-week high during mid-day trading on Wednesday . The company 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.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Duluth Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. BMO Capital Markets restated a “buy” rating and issued a $28.00 price target on shares of Duluth Holdings in a research report on Wednesday, June 8th. Wunderlich assumed coverage on Duluth Holdings in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price target for the company. Stifel Nicolaus assumed coverage on Duluth Holdings in a research report on Friday, May 27th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Robert W. Baird restated an “outperform” rating and issued a $29.00 price target on shares of Duluth Holdings in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.83.
The firm has a market capitalization of $998.88 million and a P/E ratio of 46.27. The firm has a 50-day moving average of $26.09 and a 200 day moving average of $22.25.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $0.10 earnings per share 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 analysts’ expectations of $69.68 million. The firm’s revenue was up 20.8% on a year-over-year basis. Equities research analysts anticipate that Duluth Holdings Inc. will post $0.69 EPS for the current fiscal year.
In other news, Director Brenda I. Morris sold 6,250 shares of Duluth Holdings stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $25.55, for a total transaction of $159,687.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of Duluth Holdings stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $24.62, for a total transaction of $102,911.60. Following the sale, the director now owns 3,333 shares of the company’s stock, valued at $82,058.46. The disclosure for this sale can be found here.
Other large investors recently bought and sold shares of the company. Nicholas Co. Inc. WI bought a new stake in Duluth Holdings during the fourth quarter worth about $1,469,000. Royce & Associates LLC bought a new stake in Duluth Holdings during the fourth quarter worth about $1,824,000. Finally, Russell Frank Co bought a new stake in Duluth Holdings during the fourth quarter worth 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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