Duluth (DLTH) Sets New 52-Week Low at $15.49
Duluth Holdings Inc (NASDAQ:DLTH) shares hit a new 52-week low on Wednesday . The company traded as low as $15.49 and last traded at $15.57, with a volume of 664300 shares traded. The stock had previously closed at $16.16.
A number of research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating on shares of Duluth in a research note on Wednesday, November 1st. BidaskClub raised shares of Duluth from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Robert W. Baird restated a “buy” rating and set a $23.00 target price on shares of Duluth in a research report on Friday, December 8th. Zacks Investment Research lowered shares of Duluth from a “hold” rating to a “sell” rating in a research report on Monday. Finally, DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Duluth in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Duluth currently has an average rating of “Hold” and a consensus target price of $22.43.
The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $451.01, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.03.
Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The business had revenue of $83.70 million for the quarter, compared to analyst estimates of $84.01 million. Duluth had a net margin of 4.16% and a return on equity of 15.23%. The business’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. research analysts expect that Duluth Holdings Inc will post 0.67 earnings per share for the current year.
In related news, Director William E. Ferry sold 28,400 shares of Duluth stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $20.10, for a total transaction of $570,840.00. Following the sale, the director now owns 2,032 shares of the company’s stock, valued at approximately $40,843.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Ferry sold 2,000 shares of Duluth stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $19.39, for a total transaction of $38,780.00. Following the sale, the director now directly owns 2,032 shares in the company, valued at approximately $39,400.48. The disclosure for this sale can be found here. Insiders have sold a total of 117,200 shares of company stock worth $2,282,090 in the last 90 days. Company insiders own 70.38% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Duluth in the 3rd quarter worth about $158,000. Rhumbline Advisers grew its position in shares of Duluth by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Duluth during the 2nd quarter valued at about $242,000. Dupont Capital Management Corp bought a new stake in shares of Duluth during the 2nd quarter valued at about $280,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Duluth during the 2nd quarter valued at about $360,000. 37.48% of the stock is currently owned by hedge funds and other institutional investors.
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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