Duluth Holdings Inc. (DLTH) Shares Down 3.3%
Duluth Holdings Inc. (NASDAQ:DLTH) fell 3.3% during trading on Thursday . The stock traded as low as $28.76 and last traded at $29.30, with a volume of 147,300 shares. The stock had previously closed at $30.31.
Several research firms have commented on DLTH. Zacks Investment Research raised Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 26th. Stifel Nicolaus boosted their target price on Duluth Holdings from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird reissued a “buy” rating on shares of Duluth Holdings in a report on Monday, May 16th. 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. Finally, Wunderlich began coverage on Duluth Holdings in a report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 target price on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Duluth Holdings currently has an average rating of “Buy” and an average price target of $28.00.
The firm has a market capitalization of $959.39 million and a PE ratio of 44.44. The firm has a 50-day moving average of $27.73 and a 200-day moving average of $23.36.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 earnings per share for the quarter, topping the 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 company’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts expect that Duluth Holdings Inc. will post $0.69 EPS for the current fiscal year.
In other Duluth Holdings news, Director Brenda I. Morris sold 6,250 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was 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 SEC, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of the firm’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 in the company, valued at $82,025.13. The disclosure for this sale can be found here.
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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