Duluth Holdings Inc. (NASDAQ:DLTH) has been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $26.58.

Several research analysts have issued reports on the stock. Raymond James Financial, Inc. downgraded shares of Duluth Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating on shares of Duluth Holdings in a research report on Friday, September 8th. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, DA Davidson assumed coverage on shares of Duluth Holdings in a research report on Friday, July 21st. They set a “buy” rating and a $25.00 price objective on the stock.

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In other news, Director William E. Ferry sold 28,400 shares of Duluth Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.93, for a total value of $537,612.00. Following the sale, the director now owns 2,032 shares of the company’s stock, valued at $38,465.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 2,000 shares of Duluth Holdings stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total transaction of $38,780.00. Following the completion of the sale, the director now directly owns 2,032 shares in the company, valued at approximately $39,400.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,200 shares of company stock worth $1,900,872. Insiders own 70.38% of the company’s stock.

Several large investors have recently modified their holdings of DLTH. Teachers Advisors LLC boosted its holdings in shares of Duluth Holdings by 5.9% in the fourth 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. Wells Fargo & Company MN boosted its holdings in shares of Duluth Holdings by 33.5% in the first quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock valued at $292,000 after acquiring an additional 3,450 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Duluth Holdings by 108.4% in the first quarter. Bank of New York Mellon Corp now owns 179,802 shares of the company’s stock valued at $3,828,000 after acquiring an additional 93,512 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Duluth Holdings by 22.0% in the first quarter. Ameriprise Financial Inc. now owns 130,274 shares of the company’s stock valued at $2,774,000 after acquiring an additional 23,515 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Duluth Holdings in the first quarter valued at about $223,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Duluth Holdings (NASDAQ DLTH) traded down 0.73% during midday trading on Friday, reaching $20.50. 64,529 shares of the company’s stock traded hands. Duluth Holdings has a 1-year low of $16.01 and a 1-year high of $38.19. The company has a market capitalization of $665.39 million, a PE ratio of 34.75 and a beta of 0.20. The firm’s 50 day moving average price is $19.87 and its 200-day moving average price is $19.73.

Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings data 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. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The company had revenue of $86.20 million for the quarter, compared to the consensus estimate of $82.51 million. During the same period last year, the firm posted $0.11 EPS. Duluth Holdings’s revenue for the quarter was up 31.0% on a year-over-year basis. Equities analysts expect that Duluth Holdings will post $0.70 EPS for the current year.

About Duluth Holdings

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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