Duluth Holdings Inc. (NASDAQ:DLTH) – Investment analysts at William Blair boosted their FY2019 earnings per share estimates for shares of Duluth Holdings in a report released on Wednesday. William Blair analyst D. Carden now expects that the company will post earnings per share of $0.83 for the year, up from their prior estimate of $0.80.
A number of other brokerages have also weighed in on DLTH. BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the company a “buy” rating in a research note on Tuesday, June 6th. Stifel Nicolaus cut their target price on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, June 7th. Raymond James Financial, Inc. lowered shares of Duluth Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 23rd. FBR & Co reaffirmed a “buy” rating and set a $26.00 target price on shares of Duluth Holdings in a research note on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 target price on shares of Duluth Holdings in a research note on Wednesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.38.
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Shares of Duluth Holdings (DLTH) opened at 19.30 on Thursday. The company’s 50-day moving average price is $19.52 and its 200 day moving average price is $19.72. The firm has a market cap of $626.36 million, a P/E ratio of 33.86 and a beta of 0.19. Duluth Holdings has a 52 week low of $16.01 and a 52 week high of $38.19.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business had revenue of $86.20 million for the quarter, compared to the consensus estimate of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of DLTH. Teachers Advisors LLC lifted its position in Duluth Holdings by 5.9% during the 4th quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after acquiring an additional 980 shares during the period. Russell Investments Group Ltd. lifted its position in Duluth Holdings by 63.0% during the 1st quarter. Russell Investments Group Ltd. now owns 157,968 shares of the company’s stock valued at $3,363,000 after acquiring an additional 61,053 shares during the period. Wells Fargo & Company MN lifted its position in Duluth Holdings by 33.5% during the 1st quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock valued at $292,000 after acquiring an additional 3,450 shares during the period. Bank of New York Mellon Corp lifted its position in Duluth Holdings by 108.4% during the 1st quarter. Bank of New York Mellon Corp now owns 179,802 shares of the company’s stock valued at $3,828,000 after acquiring an additional 93,512 shares during the period. Finally, TD Asset Management Inc. lifted its position in Duluth Holdings by 10.4% during the 1st quarter. TD Asset Management Inc. now owns 84,700 shares of the company’s stock valued at $1,803,000 after acquiring an additional 8,000 shares during the period. 33.54% of the stock is owned by institutional investors.
In other Duluth Holdings news, Director E David Coolidge III purchased 15,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average cost of $17.25 per share, with a total value of $258,750.00. Following the transaction, the director now directly owns 5,365 shares in the company, valued at approximately $92,546.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of Duluth Holdings stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.85, for a total transaction of $563,740.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $40,335.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is currently owned by corporate insiders.
About Duluth Holdings
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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