Duluth Holdings Inc. (NASDAQ:DLTH) received a $30.00 price objective from stock analysts at BMO Capital Markets in a research note issued on Sunday. The firm currently has a “buy” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 55.44% from the stock’s previous close.
DLTH has been the topic of a number of other research reports. Raymond James Financial, Inc. downgraded Duluth Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating on shares of Duluth Holdings in a research report on Friday. BidaskClub raised Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Stifel Nicolaus dropped their price target on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. Finally, DA Davidson assumed coverage on Duluth Holdings in a research report on Friday, July 21st. They set a “buy” rating and a $25.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Duluth Holdings has a consensus rating of “Buy” and an average target price of $26.38.
Duluth Holdings (NASDAQ:DLTH) traded down 1.19% on Friday, reaching $19.07. 80,787 shares of the company’s stock traded hands. Duluth Holdings has a 12 month low of $16.01 and a 12 month high of $38.19. The company has a market cap of $618.90 million, a PE ratio of 33.46 and a beta of 0.19. The firm’s 50 day moving average price is $19.52 and its 200 day moving average price is $19.72.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The business had revenue of $86.20 million for the quarter, compared to the consensus estimate of $82.51 million. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was up 31.0% compared to the same quarter last year. On average, equities analysts expect that Duluth Holdings will post $0.70 EPS for the current fiscal year.
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In related news, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the sale, the director now owns 2,032 shares of the company’s stock, valued at $38,465.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total value of $189,900.00. Following the sale, the senior vice president now directly owns 241,221 shares in the company, valued at approximately $4,580,786.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,800 shares of company stock worth $1,291,252. 70.38% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. PEAK6 Investments L.P. bought a new stake in Duluth Holdings during the first quarter valued at about $487,000. Dupont Capital Management Corp bought a new stake in Duluth Holdings during the second quarter valued at about $280,000. OMERS ADMINISTRATION Corp bought a new stake in Duluth Holdings during the first quarter valued at about $307,000. Gradient Investments LLC boosted its position in Duluth Holdings by 7.7% during the second quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock valued at $297,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Denver Investment Advisors LLC boosted its position in Duluth Holdings by 178.8% during the first quarter. Denver Investment Advisors LLC now owns 26,245 shares of the company’s stock valued at $559,000 after purchasing an additional 16,830 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors.
Duluth Holdings Company Profile
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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