Duluth Holdings Inc. (DLTH) Rating Reiterated by BMO Capital Markets
Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “outperform” rating reiterated by equities research analysts at BMO Capital Markets in a research note issued on Tuesday. They currently have a $35.00 price target on the stock. BMO Capital Markets’ price target would suggest a potential upside of 26.72% from the stock’s current price.
A number of other equities research analysts also recently issued reports on DLTH. Zacks Investment Research raised shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, July 26th. Robert W. Baird upped their price target on shares of Duluth Holdings from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, September 9th. Stifel Nicolaus upped their price target on shares of Duluth Holdings from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. Finally, Wunderlich began coverage on shares of Duluth Holdings in a research note on Tuesday, August 2nd. They set a “buy” rating and a $30.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $31.00.
Duluth Holdings (NASDAQ:DLTH) traded up 0.04% during midday trading on Tuesday, hitting $27.63. 101,084 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. Duluth Holdings has a 1-year low of $12.76 and a 1-year high of $31.79. The firm has a market capitalization of $894.52 million and a P/E ratio of 44.00.
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Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. Duluth Holdings had a net margin of 5.96% and a return on equity of 24.89%. The business earned $65.80 million during the quarter. The firm’s revenue for the quarter 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 related news, Director William E. Ferry sold 4,180 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $24.61, for a total transaction of $102,869.80. Following the transaction, the director now owns 3,333 shares of the company’s stock, valued at approximately $82,025.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 70.71% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Copper Rock Capital Partners LLC purchased a new stake in shares of Duluth Holdings during the third quarter worth about $22,373,000. Bank of New York Mellon Corp raised its stake in shares of Duluth Holdings by 354.1% in the second quarter. Bank of New York Mellon Corp now owns 101,530 shares of the company’s stock worth $2,483,000 after buying an additional 79,172 shares during the period. Cadence Capital Management LLC purchased a new stake in shares of Duluth Holdings during the second quarter worth about $530,000. GSA Capital Partners LLP raised its stake in shares of Duluth Holdings by 8.1% in the second quarter. GSA Capital Partners LLP now owns 90,048 shares of the company’s stock worth $2,203,000 after buying an additional 6,723 shares during the period. Finally, First Dallas Securities Inc. bought a new stake in Duluth Holdings during the second quarter valued at approximately $440,000. 29.83% of the stock is currently owned by institutional investors and hedge funds.
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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