Duluth Holdings Inc. (NASDAQ:DLTH) – Analysts at William Blair boosted their Q3 2018 EPS estimates for shares of Duluth Holdings in a research report issued on Wednesday. William Blair analyst D. Carden now forecasts that the company will earn $0.03 per share for the quarter, up from their prior estimate of $0.01. William Blair also issued estimates for Duluth Holdings’ Q4 2018 earnings at $0.53 EPS.
Several other research firms have also commented on DLTH. BMO Capital Markets set a $30.00 price target on Duluth Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Stifel Nicolaus cut their price objective on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, June 7th. Raymond James Financial, Inc. downgraded Duluth Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 23rd. FBR & Co reissued a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $25.00 price objective on shares of Duluth Holdings in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $26.38.
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Duluth Holdings (NASDAQ DLTH) opened at 19.30 on Friday. The firm’s 50-day moving average is $19.52 and its 200-day moving average is $19.72. The company has a market cap of $626.36 million, a PE 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 posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $82.51 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. purchased a new stake in Duluth Holdings during the second quarter worth approximately $360,000. State Street Corp lifted its stake in Duluth Holdings by 8.8% during the second quarter. State Street Corp now owns 165,454 shares of the company’s stock worth $3,013,000 after purchasing an additional 13,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Duluth Holdings by 616.7% during the second quarter. Dimensional Fund Advisors LP now owns 127,430 shares of the company’s stock worth $2,321,000 after purchasing an additional 109,649 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in Duluth Holdings during the second quarter worth approximately $556,000. Finally, Cooper Creek Partners Management LLC lifted its stake in Duluth Holdings by 351.0% during the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after purchasing an additional 418,965 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.
In related news, Director E David Coolidge III acquired 15,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of $17.25 per share, with a total value of $258,750.00. Following the completion of the transaction, the director now owns 5,365 shares in the company, valued at approximately $92,546.25. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.85, for a total value 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 ninety days, insiders sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is currently owned by corporate insiders.
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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