Duluth Holdings’ (DLTH) “Buy” Rating Reiterated at Robert W. Baird
Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “buy” rating restated by analysts at Robert W. Baird in a research report issued to clients and investors on Friday.
DLTH has been the topic of a number of other research reports. FBR & Co restated an “outperform” rating and set a $26.00 target price on shares of Duluth Holdings in a report on Tuesday, July 11th. Zacks Investment Research cut Duluth Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Wunderlich restated a “buy” rating and set a $36.00 target price on shares of Duluth Holdings in a report on Friday, June 9th. Stifel Nicolaus reduced their target price on Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. Finally, BMO Capital Markets set a $30.00 target price on Duluth Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duluth Holdings presently has an average rating of “Buy” and an average price target of $26.38.
Duluth Holdings (NASDAQ:DLTH) traded down 1.03% during mid-day trading on Friday, reaching $19.30. 314,295 shares of the company’s stock were exchanged. Duluth Holdings has a 52 week low of $16.01 and a 52 week high of $38.19. The stock has a 50-day moving average price of $19.52 and a 200-day moving average price of $19.72. The stock has a market cap of $626.36 million, a P/E ratio of 33.86 and a beta of 0.19.
Duluth Holdings (NASDAQ:DLTH) last issued its earnings results on Tuesday, September 5th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The firm had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $82.51 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue was up 31.0% compared to the same quarter last year. On average, analysts forecast that Duluth Holdings will post $0.72 earnings per share for the current year.
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In other news, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.99, for a total transaction of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares in the company, valued at approximately $4,580,786.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E David Coolidge III acquired 15,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of $17.25 per share, for a total transaction of $258,750.00. Following the acquisition, the director now directly owns 5,365 shares in the company, valued at $92,546.25. The disclosure for this purchase can be found here. Insiders have sold a total of 66,800 shares of company stock worth $1,291,252 in the last quarter. 70.38% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in DLTH. Teachers Advisors LLC lifted its holdings in shares of Duluth Holdings by 5.9% during the 4th quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after purchasing an additional 980 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Duluth Holdings by 63.0% during the 1st quarter. Russell Investments Group Ltd. now owns 157,968 shares of the company’s stock valued at $3,363,000 after purchasing an additional 61,053 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Duluth Holdings by 33.5% during the 1st quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock valued at $292,000 after purchasing an additional 3,450 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Duluth Holdings by 108.4% during the 1st quarter. Bank of New York Mellon Corp now owns 179,802 shares of the company’s stock valued at $3,828,000 after purchasing an additional 93,512 shares in the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of Duluth Holdings by 10.4% during the 1st quarter. TD Asset Management Inc. now owns 84,700 shares of the company’s stock valued at $1,803,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds 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.
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