Duluth Holdings Inc. (DLTH) Stock Price Up 3.2%
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) rose 3.2% during mid-day trading on Tuesday . The stock traded as high as $30.60 and last traded at $30.29, with a volume of 262,097 shares traded. The stock had previously closed at $29.36.
DLTH has been the subject of several analyst reports. Wunderlich initiated coverage on shares of Duluth Holdings in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price objective for the company. Robert W. Baird reissued an “outperform” rating and issued a $29.00 price objective on shares of Duluth Holdings in a research note on Wednesday, July 6th. BMO Capital Markets reissued a “buy” rating and issued a $28.00 price objective on shares of Duluth Holdings in a research note on Wednesday, June 8th. Zacks Investment Research downgraded shares of Duluth Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Stifel Nicolaus assumed coverage on shares of Duluth Holdings in a research report on Friday, May 27th. They set a “buy” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $26.83.
The company has a 50-day moving average price of $27.15 and a 200 day moving average price of $23.12. The company has a market cap of $971.04 million and a price-to-earnings ratio of 44.98.
Duluth Holdings (NASDAQ:DLTH) last released its earnings results on Tuesday, June 7th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $68.60 million for 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 anticipate 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 company’s stock in a transaction dated Tuesday, June 21st. The shares were 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 is available at this link. Also, Director William E. Ferry sold 4,180 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $24.61, for a total transaction of $102,869.80. Following the sale, the director now directly owns 3,333 shares of the company’s stock, valued at approximately $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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