Shares of Duluth Holdings Inc (NASDAQ:DLTH) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $26.75.
Several research analysts have recently weighed in on DLTH shares. Zacks Investment Research upgraded shares of Duluth from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Thursday, September 6th. ValuEngine upgraded shares of Duluth from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price target on shares of Duluth in a report on Thursday, August 9th. DA Davidson upped their price target on shares of Duluth to $38.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, BidaskClub upgraded shares of Duluth from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th.
Duluth stock opened at $30.37 on Friday. The company has a market capitalization of $907.12 million, a PE ratio of 45.32, a P/E/G ratio of 1.85 and a beta of 0.17. Duluth has a twelve month low of $15.13 and a twelve month high of $35.67. The company has a quick ratio of 0.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.53.
Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, December 6th. The company reported ($0.10) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The company had revenue of $106.70 million during the quarter, compared to analysts’ expectations of $104.68 million. Duluth had a net margin of 4.76% and a return on equity of 16.57%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. As a group, equities research analysts predict that Duluth will post 0.84 EPS for the current fiscal year.
In related news, COO Allen L. Dittrich sold 5,000 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $30.72, for a total transaction of $153,600.00. Following the completion of the transaction, the chief operating officer now owns 182,186 shares in the company, valued at $5,596,753.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Thomas Wenstrand sold 7,000 shares of the stock in a transaction on Friday, October 19th. The stock was sold at an average price of $28.35, for a total transaction of $198,450.00. Following the transaction, the insider now owns 30,380 shares of the company’s stock, valued at approximately $861,273. The disclosure for this sale can be found here. Insiders have sold 56,830 shares of company stock valued at $1,768,369 in the last 90 days. 70.38% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Duluth by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock worth $309,000 after purchasing an additional 3,692 shares during the last quarter. Jane Street Group LLC lifted its stake in Duluth by 76.2% in the third quarter. Jane Street Group LLC now owns 15,184 shares of the company’s stock valued at $478,000 after acquiring an additional 6,567 shares during the last quarter. Rhumbline Advisers acquired a new stake in Duluth in the third quarter valued at $229,000. Lisanti Capital Growth LLC lifted its stake in Duluth by 26.3% in the third quarter. Lisanti Capital Growth LLC now owns 39,950 shares of the company’s stock valued at $1,257,000 after acquiring an additional 8,325 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Duluth in the third quarter valued at $263,000. Institutional investors and hedge funds own 39.85% of the company’s stock.
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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