Duluth Holdings Inc (NASDAQ:DLTH) has been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the firm. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $29.61.
Several research analysts have issued reports on DLTH shares. BMO Capital Markets restated a “buy” rating and set a $30.00 price target on shares of Duluth Holdings in a report on Wednesday, March 15th. TheStreet lowered shares of Duluth Holdings from a “c-” rating to a “d+” rating in a report on Thursday, February 16th. Zacks Investment Research lowered shares of Duluth Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Stifel Nicolaus lowered their price objective on shares of Duluth Holdings from $33.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, March 16th. Finally, Robert W. Baird upgraded shares of Duluth Holdings from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Friday, February 24th.
In other Duluth Holdings news, Director Charles Roger Lewis sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $21.51, for a total transaction of $107,550.00. Following the completion of the sale, the director now owns 35,713 shares in the company, valued at approximately $768,186.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Ferry sold 20,000 shares of Duluth Holdings stock in a transaction on Monday, March 27th. The stock was sold at an average price of $22.55, for a total transaction of $451,000.00. Following the transaction, the director now directly owns 3,333 shares in the company, valued at $75,159.15. The disclosure for this sale can be found here. Insiders have sold a total of 33,333 shares of company stock valued at $736,710 in the last 90 days. 70.71% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of DLTH. Wells Fargo & Company MN increased its position in shares of Duluth Holdings by 101.6% in the third quarter. Wells Fargo & Company MN now owns 5,261 shares of the company’s stock worth $140,000 after buying an additional 2,652 shares during the period. Campbell Newman Asset Management Inc. bought a new position in shares of Duluth Holdings during the third quarter worth $214,000. Denver Investment Advisors LLC bought a new position in shares of Duluth Holdings during the fourth quarter worth $239,000. Dimensional Fund Advisors LP bought a new position in shares of Duluth Holdings during the fourth quarter worth $365,000. Finally, Alps Advisors Inc. bought a new position in shares of Duluth Holdings during the third quarter worth $398,000. 30.09% of the stock is currently owned by institutional investors.
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Shares of Duluth Holdings (NASDAQ:DLTH) traded up 1.81% during midday trading on Monday, hitting $20.83. 260,150 shares of the company’s stock traded hands. The company has a 50 day moving average price of $20.30 and a 200 day moving average price of $25.15. Duluth Holdings has a 1-year low of $18.25 and a 1-year high of $38.19. The firm has a market capitalization 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. Duluth Holdings had a net margin of 5.46% and a return on equity of 19.54%. The firm earned $174.70 million during the quarter, compared to analyst estimates of $163.74 million. During the same quarter last year, the business earned $0.37 EPS. The company’s revenue was up 24.4% compared to the same quarter last year. Equities analysts anticipate that Duluth Holdings will post $0.71 earnings per share for the current year.
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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