Duluth Holdings Inc. (DLTH) Rating Reiterated by Robert W. Baird
Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “buy” rating restated by investment analysts at Robert W. Baird in a research report issued on Friday.
Several other equities analysts have also issued reports on DLTH. Zacks Investment Research lowered Duluth Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Duluth Holdings in a research report on Wednesday. FBR & Co restated a “buy” rating and set a $26.00 target price on shares of Duluth Holdings in a research report on Wednesday. BMO Capital Markets set a $30.00 target price on Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Duluth Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.38.
Shares of Duluth Holdings (NASDAQ:DLTH) opened at 19.30 on Friday. Duluth Holdings has a 52-week low of $16.01 and a 52-week high of $38.19. The stock has a market capitalization of $626.36 million, a price-to-earnings ratio of 33.86 and a beta of 0.19. The stock has a 50 day moving average of $19.52 and a 200-day moving average of $19.72.
Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $86.20 million during 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%. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. On average, equities research analysts predict that Duluth Holdings will post $0.72 EPS for the current fiscal year.
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In other news, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.99, for a total transaction of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares in the company, valued at approximately $4,580,786.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E David Coolidge III acquired 15,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of $17.25 per share, for a total transaction of $258,750.00. Following the acquisition, the director now directly owns 5,365 shares in the company, valued at $92,546.25. The disclosure for this purchase can be found here. Insiders have sold a total of 66,800 shares of company stock worth $1,291,252 in the last quarter. 70.38% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Duluth Holdings by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,942 shares of the company’s stock valued at $600,000 after purchasing an additional 171 shares in the last quarter. American International Group Inc. lifted its stake in Duluth Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after acquiring an additional 388 shares in the last quarter. Rhumbline Advisers lifted its stake in Duluth Holdings by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after acquiring an additional 885 shares in the last quarter. Teachers Advisors LLC lifted its stake in Duluth Holdings by 5.9% in the 4th quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after acquiring an additional 980 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in Duluth Holdings by 7.7% in the 2nd quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock valued at $297,000 after acquiring an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.
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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