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.

Analyst Recommendations for Duluth Holdings (NASDAQ:DLTH)

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