Duluth Holdings Inc. (DLTH) Stock Price Down 3.3%
Shares of Duluth Holdings Inc. (NASDAQ:DLTH) fell 3.3% on Thursday . The company traded as low as $28.76 and last traded at $29.30, with a volume of 147,300 shares trading hands. The stock had previously closed at $30.31.
A number of brokerages recently weighed in on DLTH. Zacks Investment Research upgraded shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, July 26th. Robert W. Baird restated a “buy” rating on shares of Duluth Holdings in a report on Monday, May 16th. Stifel Nicolaus assumed coverage on shares of Duluth Holdings in a report on Friday, May 27th. They set a “buy” rating and a $28.00 target price on the stock. BMO Capital Markets restated a “buy” rating and set a $28.00 target price on shares of Duluth Holdings in a report on Wednesday, June 8th. Finally, Wunderlich assumed coverage on shares of Duluth Holdings in a report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Duluth Holdings has an average rating of “Buy” and a consensus price target of $26.83.
The stock’s 50 day moving average price is $27.59 and its 200-day moving average price is $23.32. The firm has a market cap of $954.86 million and a P/E ratio of 44.23.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results 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 firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $69.68 million. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts predict that Duluth Holdings Inc. will post $0.69 EPS for the current fiscal year.
In other news, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $24.62, for a total transaction of $102,911.60. Following the sale, the director now directly owns 3,333 shares in the company, valued at $82,058.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brenda I. Morris sold 6,250 shares of the business’s stock in a transaction dated 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.
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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