Duluth Holdings Inc. (NASDAQ:DLTH) – Equities research analysts at William Blair lifted their FY2019 EPS estimates for shares of Duluth Holdings in a report issued on Wednesday. William Blair analyst D. Carden now expects that the company will post earnings per share of $0.83 for the year, up from their prior forecast of $0.80.

Duluth Holdings (NASDAQ:DLTH) last announced its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.46%. The business had revenue of $86.20 million during the quarter, compared to the consensus estimate of $82.51 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 31.0% compared to the same quarter last year.

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A number of other brokerages also recently weighed in on DLTH. Zacks Investment Research raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co reaffirmed a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, August 31st. Wunderlich reaffirmed a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, July 20th. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Duluth Holdings in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, June 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Duluth Holdings currently has an average rating of “Buy” and an average target price of $26.38.

Shares of Duluth Holdings (DLTH) traded down 3.4063% during midday trading on Thursday, hitting $19.3767. 202,932 shares of the stock traded hands. The stock has a market cap of $628.85 million, a price-to-earnings ratio of 33.9942 and a beta of 0.19. Duluth Holdings has a one year low of $16.01 and a one year high of $38.19. The firm has a 50-day moving average price of $19.50 and a 200 day moving average price of $19.72.

In other Duluth Holdings news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.85, for a total value of $563,740.00. Following the completion of the transaction, the director now owns 2,032 shares in the company, valued at approximately $40,335.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director E David Coolidge III bought 15,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was purchased at an average price of $17.25 per share, with a total value of $258,750.00. Following the transaction, the director now owns 5,365 shares in the company, valued at approximately $92,546.25. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PEAK6 Investments L.P. bought a new position in Duluth Holdings in the 1st quarter worth about $487,000. Dupont Capital Management Corp bought a new position in Duluth Holdings in the 2nd quarter worth about $280,000. OMERS ADMINISTRATION Corp bought a new position in Duluth Holdings in the 1st quarter worth about $307,000. Gradient Investments LLC grew its position in Duluth Holdings by 7.7% in the 2nd quarter. Gradient Investments LLC now owns 16,330 shares of the company’s stock worth $297,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Denver Investment Advisors LLC grew its position in Duluth Holdings by 178.8% in the 1st quarter. Denver Investment Advisors LLC now owns 26,245 shares of the company’s stock worth $559,000 after purchasing an additional 16,830 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

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.

Earnings History and Estimates for Duluth Holdings (NASDAQ:DLTH)

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