Duluth Holdings Inc. (DLTH) Reaches New 12-Month High at $29.71
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) reached a new 52-week high during trading on Wednesday . The stock traded as high as $29.71 and last traded at $28.69, with a volume of 78,975 shares changing hands. The stock had previously closed at $29.21.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of 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 set a $28.00 price target on shares of Duluth Holdings in a research report on Wednesday, June 8th. Wunderlich assumed coverage on shares of Duluth Holdings in a research report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Duluth Holdings in a research report on Friday, May 27th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $29.00 target price on shares of Duluth Holdings in a research report on Wednesday, July 6th. One 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 price target of $26.83.
The firm has a 50-day moving average of $25.24 and a 200-day moving average of $21.79. The firm has a market cap of $938.67 million and a PE ratio of 43.48.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, June 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $69.68 million. The business’s revenue was up 20.8% compared to the same quarter last year. On average, analysts anticipate that Duluth Holdings Inc. will post $0.69 EPS for the current year.
In other Duluth Holdings news, Director Brenda I. Morris sold 6,250 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William E. Ferry sold 4,180 shares of the company’s stock in a transaction on 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 owns 3,333 shares in the company, valued at $82,025.13. The disclosure for this sale can be found here.
A number of hedge funds recently made changes to their positions in the stock. Russell Frank Co bought a new stake in shares of Duluth Holdings during the fourth quarter worth $2,834,000. Royce & Associates LLC bought a new stake in shares of Duluth Holdings during the fourth quarter worth $1,824,000. Finally, Nicholas Co. Inc. WI bought a new stake in shares of Duluth Holdings during the fourth quarter worth $1,469,000.
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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