Duluth Holdings Inc. (NASDAQ:DLTH) has earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm. Seven research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $31.00.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Duluth Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Monday, September 12th. BMO Capital Markets restated an “outperform” rating and issued a $35.00 price target (up previously from $28.00) on shares of Duluth Holdings in a report on Saturday, September 10th. Robert W. Baird upped their price target on Duluth Holdings from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, September 9th. Stifel Nicolaus upped their price target on Duluth Holdings from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Finally, Wunderlich assumed coverage on Duluth Holdings in a report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price target on the stock.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $24.61, for a total transaction of $102,869.80. Following the sale, the director now owns 3,333 shares in the company, valued at approximately $82,025.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 70.71% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Copper Rock Capital Partners LLC bought a new stake in shares of Duluth Holdings during the third quarter worth approximately $22,373,000. Schwab Charles Investment Management Inc. boosted its stake in Duluth Holdings by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,222 shares of the company’s stock valued at $593,000 after buying an additional 378 shares during the period. Stifel Financial Corp acquired a new stake in Duluth Holdings during the second quarter valued at about $463,000. Metropolitan Life Insurance Co. NY acquired a new stake in Duluth Holdings during the second quarter valued at about $150,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Duluth Holdings during the second quarter valued at about $527,000. Hedge funds and other institutional investors own 26.93% of the company’s stock.
Shares of Duluth Holdings (NASDAQ:DLTH) opened at 27.67 on Wednesday. Duluth Holdings has a 52-week low of $12.76 and a 52-week high of $31.79. The stock has a market cap of $895.82 million and a P/E ratio of 44.06. The firm has a 50-day moving average price of $28.34 and a 200-day moving average price of $25.15.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $65.80 million for the quarter. Duluth Holdings had a return on equity of 24.89% and a net margin of 5.96%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts anticipate that Duluth Holdings will post $0.70 EPS for the current fiscal year.
Duluth Holdings Company Profile
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
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