Duluth Holdings Inc. (DLTH) Stock Price Up 2.8%
Duluth Holdings Inc. (NASDAQ:DLTH)’s share price rose 2.8% during trading on Thursday . The stock traded as high as $31.05 and last traded at $30.86, with a volume of 114,796 shares changing hands. The stock had previously closed at $30.02.
DLTH has been the topic of several recent analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $28.00 target price on shares of Duluth Holdings in a report on Wednesday, June 8th. Zacks Investment Research lowered shares of Duluth Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $29.00 price target on shares of Duluth Holdings in a report on Wednesday, July 6th. Wunderlich assumed coverage on shares of Duluth Holdings in a report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price target on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Duluth Holdings in a report on Friday, May 27th. They set a “buy” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.83.
The company has a 50 day moving average of $26.27 and a 200-day moving average of $22.35. The firm has a market cap of $990.78 million and a price-to-earnings ratio of 45.89.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s revenue was up 20.8% compared to the same quarter last year. Analysts predict that Duluth Holdings Inc. will post $0.69 earnings per share for the current year.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $24.61, for a total transaction of $102,869.80. Following the sale, 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 available through the SEC website. Also, Director Brenda I. Morris sold 6,250 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were 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 large investors have added to or reduced their stakes in the company. Nicholas Co. Inc. WI acquired a new stake in Duluth Holdings during the fourth quarter valued at approximately $1,469,000. Royce & Associates LLC purchased a new stake in shares of Duluth Holdings during the fourth quarter worth about $1,824,000. Finally, Russell Frank Co purchased a new stake in shares of 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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