Robert W. Baird Cuts Duluth Holdings Inc. (DLTH) Price Target to $25.00
Duluth Holdings Inc. (NASDAQ:DLTH) had its price target dropped by Robert W. Baird from $30.00 to $25.00 in a report released on Friday. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 50.60% from the company’s current price.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets set a $30.00 price target on shares of Duluth Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Stifel Nicolaus cut their price target on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. Wunderlich restated a “buy” rating and issued a $36.00 price target on shares of Duluth Holdings in a report on Friday. Zacks Investment Research upgraded shares of Duluth Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th. Finally, TheStreet cut shares of Duluth Holdings from a “c-” rating to a “d+” rating in a report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.01.
Duluth Holdings (NASDAQ DLTH) traded up 1.87% during midday trading on Friday, hitting $16.91. 560,360 shares of the stock traded hands. Duluth Holdings has a 52-week low of $16.01 and a 52-week high of $38.19. The company has a market cap of $548.80 million, a price-to-earnings ratio of 29.67 and a beta of 0.12. The firm’s 50-day moving average is $20.55 and its 200-day moving average is $23.21.
Duluth Holdings (NASDAQ:DLTH) last posted its quarterly earnings results on Tuesday, June 6th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.04. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $82.94 million. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. Analysts predict that Duluth Holdings will post $0.69 EPS for the current year.
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In related news, Director William E. Ferry sold 20,000 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $22.55, for a total value of $451,000.00. Following the completion of the sale, the director now directly owns 3,333 shares of the company’s stock, valued at $75,159.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Allen L. Dittrich sold 10,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $21.84, for a total transaction of $218,400.00. Following the completion of the sale, the senior vice president now directly owns 251,221 shares of the company’s stock, valued at $5,486,666.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,333 shares of company stock valued at $1,446,510. 70.38% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after buying an additional 388 shares during the period. Invictus RG acquired a new stake in Duluth Holdings during the first quarter worth $182,000. Paloma Partners Management Co acquired a new stake in Duluth Holdings during the first quarter worth $212,000. First Dallas Securities Inc. raised its stake in Duluth Holdings by 13.4% in the first quarter. First Dallas Securities Inc. now owns 10,150 shares of the company’s stock worth $216,000 after buying an additional 1,200 shares during the period. Finally, Campbell Newman Asset Management Inc. raised its stake in Duluth Holdings by 13.6% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,298 shares of the company’s stock worth $219,000 after buying an additional 1,236 shares during the period. 31.52% of the stock is owned by institutional investors.
About Duluth Holdings
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.
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