Duluth Holdings Inc. (DLTH) Receives Consensus Recommendation of “Buy” from Analysts
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.
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