Duluth (DLTH) Reaches New 1-Year Low at $15.49
Shares of Duluth Holdings Inc (NASDAQ:DLTH) 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.
DLTH has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Duluth from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird reiterated a “buy” rating and set a $23.00 price objective on shares of Duluth in a research report on Friday, December 8th. Stifel Nicolaus lowered their price objective on shares of Duluth from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, December 8th. Raymond James Financial reiterated a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. Finally, BMO Capital Markets set a $18.00 price objective on shares of Duluth and gave the stock a “hold” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.43.
The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $470.21, a PE ratio of 29.93, a PEG ratio of 1.20 and a beta of 0.03.
In other Duluth news, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the completion of the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $39,400.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at $40,843.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,200 shares of company stock valued at $2,282,090. Corporate insiders own 70.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN acquired a new position in Duluth in the 3rd quarter valued at approximately $6,275,000. JPMorgan Chase & Co. acquired a new position in Duluth in the 3rd quarter valued at approximately $158,000. Oak Ridge Investments LLC acquired a new stake in shares of Duluth during the third quarter worth $3,548,000. Russell Investments Group Ltd. increased its position in shares of Duluth by 10.2% during the third quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock worth $10,024,000 after buying an additional 45,643 shares during the period. Finally, Dupont Capital Management Corp increased its position in shares of Duluth by 61.7% during the third quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock worth $504,000 after buying an additional 9,475 shares during the period. Hedge funds and other institutional investors own 37.48% of the company’s stock.
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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