Duluth Holdings Inc. (DLTH) Shares Down 1.4%
Duluth Holdings Inc. (NASDAQ:DLTH) shares dropped 1.4% on Thursday . The stock traded as low as $28.82 and last traded at $29.25, with a volume of 74,530 shares traded. The stock had previously closed at $29.67.
DLTH has been the subject of several recent research reports. Robert W. Baird reaffirmed a “buy” rating on shares of Duluth Holdings in a research report on Monday, May 16th. Stifel Nicolaus initiated coverage on Duluth Holdings in a research report on Friday, May 27th. They set a “buy” rating and a $28.00 price target for the company. BMO Capital Markets reissued a “buy” rating and set a $28.00 price target on shares of Duluth Holdings in a research report on Wednesday, June 8th. Zacks Investment Research raised Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, July 26th. Finally, Wunderlich initiated coverage on Duluth Holdings in a research report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Duluth Holdings has a consensus rating of “Buy” and a consensus price target of $26.83.
The firm has a market cap of $949.03 million and a PE ratio of 43.96. The stock’s 50 day moving average is $26.73 and its 200-day moving average is $22.73.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings data 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 the consensus estimate of $69.68 million. Duluth Holdings’s revenue was up 20.8% on a year-over-year basis. Equities research analysts forecast that Duluth Holdings Inc. will post $0.69 EPS for the current fiscal year.
In related 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the director now directly owns 3,333 shares of the company’s stock, valued at $82,025.13. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Duluth Holdings stock. Royce & Associates LLC bought a new position in shares of Duluth Holdings Inc. (NASDAQ:DLTH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 125,000 shares of the company’s stock, valued at approximately $1,824,000. Royce & Associates LLC owned 0.39% of Duluth Holdings as of its most recent SEC filing.
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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