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.
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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.
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