Zacks Investment Research Upgrades Duluth Holdings Inc. (DLTH) to “Buy”
Duluth Holdings Inc. (NASDAQ:DLTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $22.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.82% from the company’s previous close.
According to Zacks, “Duluth Holdings Inc. provides casual wear, workwear and accessories for men and women. The company markets its products under trademarks, trade names and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Buck Naked, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt and Wild Boar Mocs. Duluth Holdings Inc. is headquartered in Belleville, Wisconsin. “
A number of other research analysts have also recently issued reports on DLTH. FBR & Co reissued a “buy” rating and set a $26.00 price target on shares of Duluth Holdings in a research report on Wednesday. DA Davidson reissued a “buy” rating and set a $25.00 price target on shares of Duluth Holdings in a research report on Wednesday. BMO Capital Markets set a $30.00 price target on shares of Duluth Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Robert W. Baird lowered their price target 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.38.
Shares of Duluth Holdings (NASDAQ:DLTH) traded down 2.79% during trading on Thursday, hitting $19.50. 340,457 shares of the stock traded hands. The firm has a market cap of $632.85 million, a price-to-earnings ratio of 34.21 and a beta of 0.19. The company has a 50 day moving average price of $19.51 and a 200 day moving average price of $19.72. Duluth Holdings has a 12 month low of $16.01 and a 12 month high of $38.19.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.46%. The company had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. During the same period last year, the company posted $0.11 EPS. Duluth Holdings’s revenue was up 31.0% on a year-over-year basis. Analysts anticipate that Duluth Holdings will post $0.72 earnings per share for the current fiscal year.
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In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total value of $189,900.00. Following the completion of the transaction, the senior vice president now directly owns 241,221 shares of the company’s stock, valued at $4,580,786.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 cost of $17.25 per share, with a total value of $258,750.00. Following the completion of the acquisition, the director now directly owns 5,365 shares of the company’s stock, valued at approximately $92,546.25. The disclosure for this purchase can be found here. Insiders sold 66,800 shares of company stock valued at $1,291,252 over the last ninety days. Corporate insiders own 70.38% of the company’s stock.
Institutional investors have recently modified their holdings of the business. American International Group Inc. raised its holdings 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 last quarter. Invictus RG purchased a new position in Duluth Holdings in the first quarter worth about $182,000. Rhumbline Advisers raised its holdings in Duluth Holdings by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after buying an additional 885 shares during the last quarter. Paloma Partners Management Co purchased a new position in Duluth Holdings in the first quarter worth about $212,000. Finally, Trexquant Investment LP purchased a new position in Duluth Holdings in the first quarter worth about $223,000. 33.54% of the stock is owned by institutional investors and hedge funds.
Duluth Holdings Company Profile
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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