Duluth Holdings Inc. (DLTH) Downgraded by Raymond James Financial, Inc.
Raymond James Financial, Inc. lowered shares of Duluth Holdings Inc. (NASDAQ:DLTH) from an outperform rating to a market perform rating in a research note released on Wednesday, Marketbeat reports.
Several other brokerages also recently commented on DLTH. Zacks Investment Research upgraded shares of Duluth Holdings from a sell rating to a hold rating in a report on Wednesday, August 2nd. FBR & Co restated an outperform rating and set a $26.00 target price on shares of Duluth Holdings in a report on Tuesday, July 11th. Wunderlich restated a buy rating and set a $26.00 target price on shares of Duluth Holdings in a report on Thursday, July 20th. Robert W. Baird decreased their price target on shares of Duluth Holdings from $30.00 to $25.00 and set an outperform rating for the company in a research note on Friday, June 9th. Finally, DA Davidson began coverage on shares of Duluth Holdings in a research note on Friday, July 21st. They set a buy rating and a $25.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Duluth Holdings presently has a consensus rating of Buy and an average target price of $26.38.
Duluth Holdings (NASDAQ:DLTH) opened at 20.57 on Wednesday. The stock has a market capitalization of $667.58 million, a PE ratio of 36.09 and a beta of 0.19. Duluth Holdings has a 12-month low of $16.01 and a 12-month high of $38.19. The company’s 50-day moving average is $19.18 and its 200 day moving average is $19.90.
Duluth Holdings (NASDAQ:DLTH) last announced its earnings results on Tuesday, June 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $83.70 million for the quarter, compared to analyst estimates of $82.94 million. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. On average, analysts predict that Duluth Holdings will post $0.69 EPS for the current year.
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In other news, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the completion of the transaction, the senior vice president now directly owns 241,221 shares of the company’s stock, valued at approximately $4,580,786.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ferry sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $19.18, for a total transaction of $230,160.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at $38,973.76. The disclosure for this sale can be found here. Insiders have sold a total of 50,400 shares of company stock valued at $957,672 over the last ninety days. Company insiders own 70.38% of the company’s stock.
Institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position in shares of Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after buying an additional 388 shares in the last quarter. Invictus RG purchased a new position in Duluth Holdings during the first quarter valued at $182,000. Paloma Partners Management Co purchased a new position in Duluth Holdings during the first quarter valued at $212,000. First Dallas Securities Inc. boosted its position in Duluth Holdings by 13.4% in the first quarter. First Dallas Securities Inc. now owns 10,150 shares of the company’s stock valued at $216,000 after buying an additional 1,200 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Duluth Holdings during the first quarter valued at $223,000. 33.20% of the stock is owned by institutional investors.
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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