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.

Several large investors have recently made changes to their positions in the company. Skylands Capital LLC increased its holdings in shares of Duluth by 149.8% in the 4th quarter. Skylands Capital LLC now owns 251,600 shares of the company’s stock valued at $4,491,000 after acquiring an additional 150,896 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in Duluth during the 3rd quarter worth $6,275,000. JPMorgan Chase & Co. purchased a new position in Duluth during the 3rd quarter worth $158,000. Oak Ridge Investments LLC purchased a new position in Duluth during the 3rd quarter worth $3,548,000. Finally, Russell Investments Group Ltd. grew its stake in Duluth by 10.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock worth $10,024,000 after buying an additional 45,643 shares during the last quarter. Institutional investors and hedge funds own 37.37% 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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About Duluth

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 (NASDAQ:DLTH)

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