Duluth Holdings Inc (NASDAQ:DLTH) – Equities research analysts at DA Davidson lowered their FY2018 EPS estimates for Duluth in a report released on Friday. DA Davidson analyst A. Burns now expects that the company will post earnings of $0.62 per share for the year, down from their prior forecast of $0.69. DA Davidson has a “Buy” rating and a $25.00 price objective on the stock. DA Davidson also issued estimates for Duluth’s Q1 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.15 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Duluth from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $23.00 price objective on shares of Duluth in a research note on Friday, December 8th. TheStreet downgraded Duluth from a “c” rating to a “d+” rating in a research note on Thursday, December 14th. Raymond James Financial reissued a “hold” rating on shares of Duluth in a research note on Thursday, December 7th. Finally, BMO Capital Markets set a $18.00 price objective on Duluth and gave the stock a “hold” rating in a research note on Thursday, December 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $22.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN acquired a new position in shares of Duluth in the 3rd quarter worth $6,275,000. Vanguard Group Inc. grew its holdings in shares of Duluth by 10.2% during the second quarter. Vanguard Group Inc. now owns 440,837 shares of the company’s stock valued at $8,028,000 after buying an additional 40,707 shares in the last quarter. Oak Ridge Investments LLC purchased a new position in shares of Duluth during the third quarter valued at $3,548,000. Dimensional Fund Advisors LP grew its holdings in shares of Duluth by 616.7% during the second quarter. Dimensional Fund Advisors LP now owns 127,430 shares of the company’s stock valued at $2,321,000 after buying an additional 109,649 shares in the last quarter. Finally, Skylands Capital LLC grew its holdings in shares of Duluth by 149.8% during the fourth quarter. Skylands Capital LLC now owns 251,600 shares of the company’s stock valued at $4,491,000 after buying an additional 150,896 shares in the last quarter. Institutional investors and hedge funds own 43.25% of the company’s stock.
In related news, Director William E. Ferry sold 20,200 shares of Duluth stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $16.72, for a total value of $337,744.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 70.38% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2018/03/13/duluth-holdings-inc-forecasted-to-post-fy2018-earnings-of-0-62-per-share-dlth.html.
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.
Receive News & Ratings for Duluth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth and related companies with MarketBeat.com's FREE daily email newsletter.