Duluth Holdings’ (DLTH) Outperform Rating Reiterated at BMO Capital Markets
Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “outperform” rating reaffirmed by research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. They presently have a $35.00 price target on the stock. BMO Capital Markets’ target price suggests a potential upside of 26.72% from the company’s previous close.
Several other research firms also recently commented on DLTH. Wunderlich initiated coverage on shares of Duluth Holdings in a report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of Duluth Holdings from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Zacks Investment Research raised shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, September 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of Duluth Holdings in a report on Wednesday, July 6th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $31.00.
Duluth Holdings (NASDAQ:DLTH) traded up 0.04% during midday trading on Tuesday, hitting $27.63. 99,508 shares of the stock were exchanged. The firm’s 50-day moving average price is $27.90 and its 200 day moving average price is $25.53. The firm has a market capitalization of $894.52 million and a P/E ratio of 44.00. Duluth Holdings has a 1-year low of $12.76 and a 1-year high of $31.79.
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Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The company earned $65.80 million during the quarter. Duluth Holdings had a net margin of 5.96% and a return on equity of 24.89%. The firm’s revenue was up 27.3% on a year-over-year basis. Analysts expect that Duluth Holdings will post $0.70 earnings per share for the current fiscal year.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $30.18, for a total value of $126,152.40. Following the sale, the director now directly owns 3,333 shares in the company, valued at approximately $100,589.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 70.71% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. American International Group Inc. boosted its stake in Duluth Holdings by 14.1% in the second quarter. American International Group Inc. now owns 5,523 shares of the company’s stock valued at $135,000 after buying an additional 684 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Duluth Holdings during the second quarter valued at $150,000. Nationwide Fund Advisors boosted its stake in Duluth Holdings by 24.5% in the second quarter. Nationwide Fund Advisors now owns 6,213 shares of the company’s stock valued at $152,000 after buying an additional 1,223 shares during the period. Swiss National Bank bought a new stake in Duluth Holdings during the second quarter valued at $245,000. Finally, Prudential Financial Inc. bought a new stake in Duluth Holdings during the second quarter valued at $266,000. Institutional investors and hedge funds own 29.83% of the company’s stock.
About Duluth Holdings
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
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