Shares of Duluth Holdings Inc. (NASDAQ:DLTH) have been given a consensus rating of “Buy” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.01.

Several equities research analysts recently commented on DLTH shares. Zacks Investment Research upgraded shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. FBR & Co reaffirmed a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a report on Thursday, August 31st. BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the company a “buy” rating in a report on Sunday, September 10th. Wunderlich reaffirmed a “buy” rating and issued a $26.00 target price on shares of Duluth Holdings in a report on Thursday, July 20th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $25.00 target price on shares of Duluth Holdings in a report on Wednesday, September 6th.

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Duluth Holdings (NASDAQ:DLTH) last released 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 net margin of 4.64% and a return on equity of 17.05%. The company had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. During the same period in the prior year, the business earned $0.11 EPS. The firm’s quarterly revenue was up 31.0% on a year-over-year basis.

In other Duluth Holdings news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.85, for a total transaction of $563,740.00. Following the completion of the sale, the director now directly owns 2,032 shares of the company’s stock, valued at $40,335.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Ferry sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total transaction of $38,780.00. Following the sale, the director now directly owns 2,032 shares of the company’s stock, valued at $39,400.48. The disclosure for this sale can be found here. Insiders sold 58,800 shares of company stock worth $1,173,360 over the last ninety days. 70.38% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. grew its holdings in Duluth Holdings by 7.0% during the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock valued at $126,000 after purchasing an additional 388 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Duluth Holdings by 9.2% during the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after acquiring an additional 885 shares during the period. Paloma Partners Management Co bought a new position in shares of Duluth Holdings during the first quarter valued at $212,000. UBS Asset Management Americas Inc. bought a new position in shares of Duluth Holdings during the second quarter valued at $242,000. Finally, Dupont Capital Management Corp bought a new position in shares of Duluth Holdings during the second quarter valued at $280,000. 33.50% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Duluth Holdings (NASDAQ:DLTH)

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