Duluth Holdings Inc. (DLTH) Receives Average Rating of “Buy” from Analysts
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.
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