Duluth Holdings Inc. (DLTH) Receives “Buy” Rating from Robert W. Baird
Several other research firms have also recently issued reports on DLTH. BMO Capital Markets cut shares of Duluth Holdings from an outperform rating to a market perform rating in a research report on Wednesday, November 1st. Raymond James Financial, Inc. cut shares of Duluth Holdings from an outperform rating to a market perform rating in a research report on Wednesday, August 23rd. FBR & Co reaffirmed a buy rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Wednesday, September 6th. DA Davidson reaffirmed a buy rating and set a $25.00 price objective on shares of Duluth Holdings in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded shares of Duluth Holdings from a hold rating to a buy rating and set a $22.00 price target on the stock in a research note on Thursday, September 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $26.51.
Duluth Holdings (DLTH) traded down $0.01 during trading on Friday, hitting $17.67. 172,400 shares of the stock traded hands, compared to its average volume of 226,277. The stock has a market cap of $514.11, a PE ratio of 30.47, a P/E/G ratio of 1.27 and a beta of 0.19. Duluth Holdings has a 1-year low of $16.01 and a 1-year high of $38.19. The company has a current ratio of 2.54, a quick ratio of 0.30 and a debt-to-equity ratio of 0.17.
Duluth Holdings (NASDAQ:DLTH) last released 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. The business had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. sell-side analysts expect that Duluth Holdings will post 0.7 earnings per share for the current year.
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In other Duluth Holdings news, Director William E. Ferry sold 28,400 shares of Duluth Holdings stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $20.10, for a total value of $570,840.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at $40,843.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Allen L. Dittrich sold 15,000 shares of Duluth Holdings stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total transaction of $294,750.00. Following the completion of the transaction, the senior vice president now owns 226,221 shares in the company, valued at $4,445,242.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,200 shares of company stock worth $2,026,738. 70.38% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. American International Group Inc. increased its stake in 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 purchasing an additional 388 shares during the period. JPMorgan Chase & Co. acquired a new position in Duluth Holdings in the third quarter valued at $158,000. Paloma Partners Management Co acquired a new position in Duluth Holdings in the first quarter valued at $212,000. Rhumbline Advisers increased its stake in Duluth Holdings by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new position in Duluth Holdings in the second quarter valued at $242,000. Institutional investors own 34.59% 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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