Duluth Holdings Inc (DLTH) Given Consensus Rating of “Buy” by Brokerages
Shares of Duluth Holdings Inc (NASDAQ:DLTH) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.50.
A number of brokerages have weighed in on DLTH. Robert W. Baird reaffirmed a “buy” rating and set a $26.00 target price on shares of Duluth in a research report on Friday, November 10th. BMO Capital Markets lowered Duluth from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered Duluth from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. DA Davidson set a $25.00 target price on Duluth and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, BidaskClub raised Duluth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th.
In other news, SVP Allen L. Dittrich sold 15,000 shares of Duluth stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total value of $294,750.00. Following the transaction, the senior vice president now directly owns 226,221 shares in the company, valued at approximately $4,445,242.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Ferry sold 28,400 shares of Duluth stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.88, for a total value of $536,192.00. Following the completion of the transaction, the director now owns 2,032 shares in the company, valued at $38,364.16. The disclosure for this sale can be found here. Insiders sold a total of 86,800 shares of company stock worth $1,672,470 over the last quarter. Company insiders own 70.38% of the company’s stock.
Shares of Duluth (NASDAQ:DLTH) traded down $0.06 during mid-day trading on Tuesday, hitting $17.82. The company had a trading volume of 310,200 shares, compared to its average volume of 313,633. Duluth has a 52-week low of $15.13 and a 52-week high of $26.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. The company has a market cap of $578.79 and a price-to-earnings ratio of 32.40.
Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The business had revenue of $83.70 million for the quarter, compared to the consensus estimate of $84.01 million. During the same period in the prior year, the business posted $0.01 earnings per share. Duluth’s revenue was up 24.9% on a year-over-year basis. equities research analysts anticipate that Duluth will post 0.67 earnings per share for the current fiscal year.
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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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