Duluth Holdings Inc. (DLTH) Stock Price Down 1.4%
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) fell 1.4% during mid-day trading 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.
Several research firms have recently issued reports on DLTH. Zacks Investment Research lowered Duluth Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. BMO Capital Markets reissued a “buy” rating and set a $28.00 target price on shares of Duluth Holdings in a report on Wednesday, June 8th. Wunderlich began coverage on Duluth Holdings in a report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus began coverage on Duluth Holdings in a report on Friday, May 27th. They set a “buy” rating and a $28.00 target price on the stock. Finally, Robert W. Baird reissued an “outperform” rating and set a $29.00 target price on shares of Duluth Holdings in a report on Wednesday, July 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Duluth Holdings presently has an average rating of “Buy” and a consensus target price of $26.83.
The firm has a market cap of $945.79 million and a price-to-earnings ratio of 43.81. The firm’s 50 day moving average is $27.01 and its 200-day moving average is $22.88.
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 analysts’ expectations of $69.68 million. Duluth Holdings’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 EPS for the current fiscal year.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $24.61, for a total value of $102,869.80. Following the transaction, the director now 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 can be accessed through the SEC website. Also, Director Brenda I. Morris sold 6,250 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $25.55, for a total value of $159,687.50. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Duluth Holdings stock. Nicholas Co. Inc. WI bought a new stake in shares of Duluth Holdings Inc. (NASDAQ:DLTH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 100,715 shares of the company’s stock, valued at approximately $1,469,000. Nicholas Co. Inc. WI owned about 0.31% of Duluth Holdings as of its most recent filing with the SEC.
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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