BidaskClub upgraded shares of Duluth (NASDAQ:DLTH) from a buy rating to a strong-buy rating in a report released on Saturday morning.
Several other equities analysts have also recently issued reports on the stock. ValuEngine raised shares of Duluth from a hold rating to a buy rating in a research note on Thursday, June 21st. DA Davidson reaffirmed a buy rating on shares of Duluth in a research note on Friday, June 1st. Zacks Investment Research raised shares of Duluth from a sell rating to a hold rating in a research note on Tuesday, May 22nd. TheStreet raised shares of Duluth from a d+ rating to a c- rating in a research note on Wednesday, April 4th. Finally, Robert W. Baird decreased their target price on shares of Duluth from $24.00 to $22.00 and set an outperform rating for the company in a report on Wednesday, March 21st. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $21.86.
Shares of Duluth opened at $21.58 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $643.11 million, a PE ratio of 32.21, a price-to-earnings-growth ratio of 1.35 and a beta of -0.06. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.17 and a current ratio of 1.58. Duluth has a 12-month low of $15.13 and a 12-month high of $23.16.
Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Tuesday, June 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $100.20 million for the quarter, compared to analysts’ expectations of $100.23 million. Duluth had a net margin of 4.57% and a return on equity of 15.77%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. research analysts forecast that Duluth will post 0.81 EPS for the current fiscal year.
In other Duluth news, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $18.60, for a total value of $186,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Allen L. Dittrich sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $16.84, for a total transaction of $101,040.00. Following the completion of the transaction, the senior vice president now owns 206,186 shares of the company’s stock, valued at $3,472,172.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,432 shares of company stock valued at $1,149,525. Corporate insiders own 70.38% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in shares of Duluth by 5.9% in the first quarter. Franklin Resources Inc. now owns 1,813,708 shares of the company’s stock worth $33,971,000 after buying an additional 100,962 shares during the period. BlackRock Inc. boosted its holdings in shares of Duluth by 0.9% during the first quarter. BlackRock Inc. now owns 723,379 shares of the company’s stock worth $13,549,000 after purchasing an additional 6,187 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Duluth by 1.3% during the first quarter. Thrivent Financial for Lutherans now owns 608,541 shares of the company’s stock worth $11,398,000 after purchasing an additional 7,944 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Duluth by 4.6% during the fourth quarter. Thrivent Financial For Lutherans now owns 600,597 shares of the company’s stock worth $10,721,000 after purchasing an additional 26,190 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Duluth by 4.3% during the first quarter. Public Employees Retirement Association of Colorado now owns 461,700 shares of the company’s stock worth $8,648,000 after purchasing an additional 19,000 shares during the period. Institutional investors own 44.67% of the company’s stock.
Duluth Company Profile
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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