Duluth Holdings Inc. (DLTH) Trading 2.8% Higher
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) traded up 2.8% during mid-day trading on Thursday . The company traded as high as $31.05 and last traded at $30.86, with a volume of 114,796 shares traded. The stock had previously closed at $30.02.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, July 26th. Robert W. Baird reiterated a “buy” rating on shares of Duluth Holdings in a research report on Monday, May 16th. Stifel Nicolaus assumed coverage on Duluth Holdings in a research report on Friday, May 27th. They set a “buy” rating and a $28.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and set a $28.00 target price on shares of Duluth Holdings in a research report on Wednesday, June 8th. Finally, Wunderlich assumed coverage on Duluth Holdings in a research report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Duluth Holdings currently has an average rating of “Buy” and a consensus price target of $26.83.
The company’s 50-day moving average is $25.90 and its 200 day moving average is $22.19. The stock has a market cap of $998.88 million and a PE ratio of 46.27.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $68.60 million for 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. Equities research analysts forecast that Duluth Holdings Inc. will post $0.69 EPS for the current year.
In related news, Director Brenda I. Morris sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $25.55, for a total transaction of $159,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $24.62, for a total value of $102,911.60. Following the sale, the director now owns 3,333 shares of the company’s stock, valued at $82,058.46. The disclosure for this sale can be found here.
Other hedge funds have recently modified their holdings of the company. Russell Frank Co bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $2,834,000. Royce & Associates LLC bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $1,824,000. Finally, Nicholas Co. Inc. WI bought a new stake in shares of Duluth Holdings during the fourth quarter valued at about $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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