Duluth Holdings Inc (DLTH) Given Consensus Rating of “Buy” by Analysts

Shares of Duluth Holdings Inc (NASDAQ:DLTH) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.61.

Several equities research analysts recently commented on DLTH shares. Zacks Investment Research lowered Duluth Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. TheStreet lowered Duluth Holdings from a “c-” rating to a “d+” rating in a research report on Thursday, February 16th. Robert W. Baird upgraded Duluth Holdings from a “neutral” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Friday, February 24th. BMO Capital Markets restated a “buy” rating and set a $30.00 target price on shares of Duluth Holdings in a research report on Wednesday, March 15th. Finally, Stifel Nicolaus cut their target price on Duluth Holdings from $33.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, March 16th.

ILLEGAL ACTIVITY WARNING: This article was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://sportsperspectives.com/2017/04/21/analysts-set-duluth-holdings-inc-dlth-target-price-at-29-61-updated-updated.html.

Shares of Duluth Holdings (NASDAQ:DLTH) traded up 1.81% during midday trading on Monday, reaching $20.83. The company’s stock had a trading volume of 260,150 shares. Duluth Holdings has a 12 month low of $18.25 and a 12 month high of $38.19. The company has a 50-day moving average price of $20.30 and a 200-day moving average price of $25.15. The firm has a market cap of $675.75 million, a price-to-earnings ratio of 31.56 and a beta of 0.47.

Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, March 21st. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Duluth Holdings had a return on equity of 19.54% and a net margin of 5.46%. The firm had revenue of $174.70 million for the quarter, compared to analyst estimates of $163.74 million. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue was up 24.4% on a year-over-year basis. Equities analysts expect that Duluth Holdings will post $0.71 earnings per share for the current year.

In other news, Director Charles Roger Lewis sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $21.51, for a total value of $107,550.00. Following the completion of the sale, the director now directly owns 35,713 shares of the company’s stock, valued at $768,186.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William E. Ferry sold 20,000 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $22.55, for a total value of $451,000.00. Following the completion of the sale, the director now directly owns 3,333 shares of the company’s stock, valued at $75,159.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,333 shares of company stock worth $736,710. 70.71% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Skylands Capital LLC increased its stake in shares of Duluth Holdings by 140.0% in the first quarter. Skylands Capital LLC now owns 60,000 shares of the company’s stock valued at $1,277,000 after buying an additional 35,000 shares during the period. Campbell Newman Asset Management Inc. increased its stake in shares of Duluth Holdings by 13.6% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,298 shares of the company’s stock valued at $219,000 after buying an additional 1,236 shares during the period. Gradient Investments LLC bought a new stake in shares of Duluth Holdings during the first quarter valued at approximately $323,000. Teachers Advisors LLC increased its stake in shares of Duluth Holdings by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after buying an additional 980 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Duluth Holdings by 19.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 352,907 shares of the company’s stock valued at $8,964,000 after buying an additional 57,147 shares during the period. 30.09% of the stock is owned by hedge funds and other 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.

5 Day Chart for NASDAQ:DLTH

Receive News & Ratings for Duluth Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply