Shares of Duluth Holdings Inc. (NASDAQ:DLTH) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $31.00.

DLTH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Monday, September 12th. Robert W. Baird increased their price objective on shares of Duluth Holdings from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Stifel Nicolaus increased their price objective on shares of Duluth Holdings from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, September 2nd. Wunderlich initiated coverage on shares of Duluth Holdings in a research report on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price objective on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and set a $35.00 price objective (up previously from $28.00) on shares of Duluth Holdings in a research report on Saturday, September 10th.

In related news, Director William E. Ferry sold 4,180 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $24.61, for a total value of $102,869.80. Following the transaction, the director now owns 3,333 shares of the company’s stock, valued at approximately $82,025.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 70.71% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of Duluth Holdings by 45.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 60,886 shares of the company’s stock valued at $1,187,000 after buying an additional 19,161 shares during the last quarter. Spark Investment Management LLC acquired a new position in shares of Duluth Holdings during the first quarter valued at $1,303,000. State Street Corp boosted its position in shares of Duluth Holdings by 53.9% in the first quarter. State Street Corp now owns 98,209 shares of the company’s stock valued at $1,917,000 after buying an additional 34,385 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Duluth Holdings by 215.9% in the first quarter. Geode Capital Management LLC now owns 68,327 shares of the company’s stock valued at $1,331,000 after buying an additional 46,699 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Duluth Holdings by 3,695.2% in the first quarter. Barclays PLC now owns 25,390 shares of the company’s stock valued at $482,000 after buying an additional 24,721 shares during the last quarter. 26.93% of the stock is currently owned by institutional investors and hedge funds.

Duluth Holdings (NASDAQ:DLTH) opened at 27.67 on Wednesday. The firm has a market cap of $895.82 million and a P/E ratio of 44.06. Duluth Holdings has a 12 month low of $12.76 and a 12 month high of $31.79. The firm’s 50-day moving average price is $28.34 and its 200-day moving average price is $25.15.

Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. Duluth Holdings had a return on equity of 24.89% and a net margin of 5.96%. The firm earned $65.80 million during the quarter. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, equities research analysts expect that Duluth Holdings will post $0.70 EPS for the current fiscal year.

About Duluth Holdings

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.

5 Day Chart for NASDAQ:DLTH

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