Duluth Holdings Inc. (DLTH) PT Set at $30.00 by BMO Capital Markets

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.

Analyst Recommendations for Duluth Holdings (NASDAQ:DLTH)




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