Duluth Holdings Inc. (DLTH) Receives “Buy” Rating from FBR & Co
Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “buy” rating reiterated by analysts at FBR & Co in a research note issued to investors on Wednesday. They presently have a $26.00 target price on the stock. FBR & Co’s price target would suggest a potential upside of 34.72% from the stock’s current price.
The analysts wrote, “We are reiterating our Buy rating and $26 price target, and maintaining what increasingly look like conservative FY18 and FY19 bottom line projections, after Duluth registered solid top and bottom line upside for 2QFY18, as the company’s stores reached a mass that was able to offset rising store opening expenses and gross margin declines from the shift to more free shipping for online sales.””
Other analysts have also recently issued research reports about the stock. DA Davidson initiated coverage on shares of Duluth Holdings in a research note on Friday, July 21st. They issued a “buy” rating and a $25.00 price target on the stock. Wunderlich reiterated a “buy” rating and issued a $26.00 price target on shares of Duluth Holdings in a research note on Thursday, July 20th. BMO Capital Markets set a $30.00 price target on shares of Duluth Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of Duluth Holdings from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus decreased their target price on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $26.38.
Duluth Holdings (NASDAQ DLTH) traded down 1.03% during midday trading on Wednesday, reaching $19.30. The company’s stock had a trading volume of 314,295 shares. The firm has a market cap of $626.36 million, a P/E ratio of 33.86 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 $19.52 and a 200 day moving average price of $19.72.
Duluth Holdings (NASDAQ:DLTH) last announced 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. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $82.51 million. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Equities research analysts forecast that Duluth Holdings will post $0.72 EPS for the current fiscal year.
In other news, Director E David Coolidge III acquired 15,000 shares of Duluth Holdings stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average cost of $17.25 per share, with a total value of $258,750.00. Following the transaction, the director now directly owns 5,365 shares of the company’s stock, valued at approximately $92,546.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Allen L. Dittrich sold 10,000 shares of the 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 completion of the sale, the senior vice president now directly owns 241,221 shares in the company, valued at $4,580,786.79. The disclosure for this sale can be found here. Insiders have sold a total of 66,800 shares of company stock worth $1,291,252 over the last 90 days. Corporate insiders own 70.38% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DLTH. Cooper Creek Partners Management LLC raised its position in Duluth Holdings by 351.0% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after purchasing an additional 418,965 shares during the period. Summit Creek Advisors LLC raised its position in Duluth Holdings by 154.4% in the 2nd quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock worth $9,700,000 after purchasing an additional 323,293 shares during the period. Russell Investments Group Ltd. raised its position in Duluth Holdings by 183.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock worth $8,164,000 after purchasing an additional 290,392 shares during the period. Point72 Asset Management L.P. purchased a new stake in Duluth Holdings in the 1st quarter worth about $6,057,000. Finally, Franklin Resources Inc. raised its position in Duluth Holdings by 24.9% in the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after purchasing an additional 158,489 shares during the period. 33.54% of the stock is currently 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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