Several brokerages have updated their recommendations and price targets on shares of Duluth Holdings (NASDAQ: DLTH) in the last few weeks:

  • 9/10/2017 – Duluth Holdings was given a new $30.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 9/8/2017 – Duluth Holdings had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 9/7/2017 – Duluth Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. 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. “
  • 9/6/2017 – Duluth Holdings had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $26.00 price target on the stock. They 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.””
  • 9/6/2017 – Duluth Holdings had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $25.00 price target on the stock.
  • 8/31/2017 – Duluth Holdings had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $26.00 price target on the stock. They wrote, “We are reiterating our Buy rating, $26 price target and estimates for DLTH with the company announcing 2QFY18 (July) results after the close on Tuesday, September 5th. We believe, given the continued YoY growth in store openings (and the recent expansion of the company’s first store at Mt. Horeb), combined with no quarterly guidance, that Street bottom line expectations remain aggressive; we remain conservative near term until store pre-opening patterns somewhat normalize in 2HFY18.””
  • 8/23/2017 – Duluth Holdings was downgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating.
  • 8/19/2017 – Duluth Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/11/2017 – Duluth Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/8/2017 – Duluth Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. 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. “
  • 8/8/2017 – Duluth Holdings was given a new $30.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 8/2/2017 – Duluth Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/21/2017 – Duluth Holdings is now covered by analysts at DA Davidson. They set a “buy” rating and a $25.00 price target on the stock.
  • 7/20/2017 – Duluth Holdings had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $26.00 price target on the stock. They wrote, “We are reiterating our Outperform rating and $26 price target and estimates (by back end loading FY18 even more) after meeting with Duluth management at their headquarters in Mt. Horeb, WI. We believe the company remains highly focused on new store growth and creating the right omnichannel environment to leverage a growing store base; we applaud management for taking the correct steps now, before the store channel becomes unwieldy. Further, we believe new innovative offerings continue to drive sales and margins. That said, we understand that until there is some normalization in terms of store opening flows, near term results will be choppy; we look to 2HFY18 for the company to emphatically demonstrate the wisdom of adding stores.””

Shares of Duluth Holdings Inc. (NASDAQ DLTH) traded down 1.00% during mid-day trading on Thursday, reaching $19.23. The company had a trading volume of 89,566 shares. Duluth Holdings Inc. has a 52-week low of $16.01 and a 52-week high of $38.19. The firm’s 50-day moving average price is $19.50 and its 200 day moving average price is $19.67. The company has a market cap of $624.09 million, a price-to-earnings ratio of 33.74 and a beta of 0.19.

Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings data 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 return on equity of 17.05% and a net margin of 4.64%. The business had revenue of $86.20 million during the quarter, compared to the consensus estimate of $82.51 million. During the same period in the prior year, the company earned $0.11 EPS. Duluth Holdings’s revenue for the quarter was up 31.0% on a year-over-year basis. Equities analysts expect that Duluth Holdings Inc. will post $0.70 EPS for the current year.

In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was 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 owns 241,221 shares of the company’s stock, valued at approximately $4,580,786.79. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total value of $537,612.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,465.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,800 shares of company stock valued at $1,291,252. Insiders own 70.38% of the company’s stock.

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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