Duluth Holdings’ (DLTH) “Buy” Rating Reiterated at DA Davidson
Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research note issued on Wednesday. They presently have a $25.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 29.53% from the company’s current price.
Several other equities research analysts also recently issued reports on the stock. FBR & Co reiterated a “buy” rating and set a $26.00 price objective on shares of Duluth Holdings in a research note on Wednesday. Raymond James Financial, Inc. downgraded shares of Duluth Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of Duluth Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duluth Holdings presently has a consensus rating of “Buy” and a consensus target price of $26.38.
Duluth Holdings (DLTH) traded down 1.03% during trading on Wednesday, hitting $19.30. 314,295 shares of the company were exchanged. Duluth Holdings has a 12 month low of $16.01 and a 12 month high of $38.19. The company has a market capitalization of $626.36 million, a price-to-earnings ratio of 33.86 and a beta of 0.19. The company has a 50-day moving average of $19.52 and a 200-day moving average of $19.72.
Duluth Holdings (NASDAQ:DLTH) last issued its quarterly earnings results on Tuesday, September 5th. The company reported $0.13 EPS 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 17.05%. The firm had revenue of $86.20 million during the quarter, compared to analyst estimates of $82.51 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Duluth Holdings’s revenue for the quarter was up 31.0% compared to the same quarter last year. Analysts forecast that Duluth Holdings will post $0.72 EPS for the current year.
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In other Duluth Holdings news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.93, for a total transaction of $537,612.00. Following the completion of the sale, the director now directly owns 2,032 shares in the company, valued at $38,465.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director E David Coolidge III bought 15,000 shares of the firm’s stock in a transaction dated 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 completion of the purchase, 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. Over the last quarter, insiders have sold 66,800 shares of company stock valued at $1,291,252. 70.38% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of Duluth Holdings by 24.9% in the second quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after purchasing an additional 158,489 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Duluth Holdings by 13.5% in the second quarter. Thrivent Financial For Lutherans now owns 574,407 shares of the company’s stock valued at $10,460,000 after purchasing an additional 68,400 shares during the period. Cooper Creek Partners Management LLC boosted its stake in shares of Duluth Holdings by 351.0% in the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock valued at $9,803,000 after purchasing an additional 418,965 shares during the period. Summit Creek Advisors LLC boosted its stake in shares of Duluth Holdings by 154.4% in the second quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock valued at $9,700,000 after purchasing an additional 323,293 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Duluth Holdings by 183.8% in the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock valued at $8,164,000 after purchasing an additional 290,392 shares during the period. 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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