Duluth (NASDAQ:DLTH)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a research note issued to investors on Friday, November 10th. They presently have a $26.00 target price on the stock. Robert W. Baird’s price target would suggest a potential upside of 33.40% from the company’s previous close.
Several other research analysts also recently weighed in on DLTH. Wunderlich reiterated a “buy” rating and issued a $26.00 price target on shares of Duluth in a report on Thursday, July 20th. DA Davidson assumed coverage on Duluth in a report on Friday, July 21st. They issued a “buy” rating and a $25.00 price target for the company. Zacks Investment Research upgraded Duluth from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets set a $30.00 price objective on Duluth and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded Duluth from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.51.
Shares of Duluth (DLTH) traded up $0.45 during trading hours on Friday, hitting $19.49. The stock had a trading volume of 193,400 shares, compared to its average volume of 267,202. The stock has a market cap of $529.52, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.30. Duluth has a fifty-two week low of $16.01 and a fifty-two week high of $38.19.
In other Duluth news, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $39,400.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total transaction of $294,750.00. Following the completion of the transaction, the senior vice president now directly owns 226,221 shares of the company’s stock, valued at $4,445,242.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,200 shares of company stock valued at $2,026,738. 70.38% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN bought a new position in shares of Duluth during the third quarter worth about $6,275,000. JPMorgan Chase & Co. bought a new position in shares of Duluth during the third quarter worth about $158,000. Oak Ridge Investments LLC bought a new position in shares of Duluth during the third quarter worth about $3,548,000. Russell Investments Group Ltd. lifted its position in shares of Duluth by 10.2% during the third quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock worth $10,024,000 after purchasing an additional 45,643 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its position in shares of Duluth by 61.7% during the third quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock worth $504,000 after purchasing an additional 9,475 shares during the last quarter. 37.49% of the stock is currently owned by institutional investors and hedge funds.
Duluth 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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