A number of other equities analysts have also issued reports on DLTH. Robert W. Baird reaffirmed a buy rating on shares of Duluth Holdings in a research report on Friday, September 8th. Zacks Investment Research raised Duluth Holdings from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Thursday, September 7th. DA Davidson reaffirmed a buy rating and issued a $25.00 target price on shares of Duluth Holdings in a research report on Wednesday, September 6th. FBR & Co reaffirmed a buy rating and issued a $26.00 target price on shares of Duluth Holdings in a research report on Wednesday, September 6th. Finally, Raymond James Financial, Inc. lowered Duluth Holdings from an outperform rating to a market perform rating in a research report on Wednesday, August 23rd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $26.38.
Shares of Duluth Holdings (NASDAQ DLTH) opened at 19.39 on Friday. The company has a market cap of $629.36 million, a price-to-earnings ratio of 32.86 and a beta of 0.19. The stock has a 50 day moving average of $19.48 and a 200 day moving average of $19.62. Duluth Holdings has a 12-month low of $16.01 and a 12-month high of $38.19.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. Duluth Holdings’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Equities research analysts predict that Duluth Holdings will post $0.70 earnings per share for the current fiscal year.
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In related news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the completion of the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $38,465.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Allen L. Dittrich sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $18.99, for a total value of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares of the company’s stock, valued at $4,580,786.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in DLTH. Cooper Creek Partners Management LLC grew its stake in shares of Duluth Holdings by 351.0% in the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after purchasing an additional 418,965 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Duluth Holdings by 154.4% in the second quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock valued at $9,700,000 after buying an additional 323,293 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Duluth Holdings by 183.8% in the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock valued at $8,164,000 after buying an additional 290,392 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Duluth Holdings in the first quarter valued at $6,057,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Duluth Holdings by 24.9% in the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after buying an additional 158,489 shares during the period. 33.54% of the stock is owned by institutional investors.
About Duluth Holdings
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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