Duluth (NASDAQ:DLTH) had its price objective increased by research analysts at DA Davidson to $15.00 in a research report issued on Friday, The Fly reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 8.38% from the stock’s current price.
DLTH has been the subject of a number of other reports. BidaskClub lowered Duluth from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Zacks Investment Research raised Duluth from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. ValuEngine lowered Duluth from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. TheStreet lowered Duluth from a “b-” rating to a “c+” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird raised Duluth from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Tuesday, May 7th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.58.
Duluth stock traded down $1.06 during midday trading on Friday, reaching $13.84. The stock had a trading volume of 15,232 shares, compared to its average volume of 300,662. Duluth has a 12 month low of $14.59 and a 12 month high of $35.67. The firm has a market capitalization of $441.38 million, a price-to-earnings ratio of 19.08, a PEG ratio of 0.79 and a beta of 0.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.25 and a quick ratio of 0.39.
Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, June 13th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). Duluth had a net margin of 4.10% and a return on equity of 15.90%. The firm had revenue of $114.24 million during the quarter, compared to the consensus estimate of $114.08 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts expect that Duluth will post 0.76 EPS for the current year.
In other Duluth news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $14.94, for a total transaction of $89,640.00. Following the completion of the sale, the chief operating officer now directly owns 173,712 shares of the company’s stock, valued at approximately $2,595,257.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.72% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Redmond Asset Management LLC grew its holdings in shares of Duluth by 3.1% in the first quarter. Redmond Asset Management LLC now owns 23,760 shares of the company’s stock valued at $566,000 after acquiring an additional 706 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Duluth by 2.8% in the fourth quarter. Northern Trust Corp now owns 139,053 shares of the company’s stock valued at $3,508,000 after acquiring an additional 3,744 shares in the last quarter. Barclays PLC grew its holdings in shares of Duluth by 8.9% in the fourth quarter. Barclays PLC now owns 20,663 shares of the company’s stock valued at $521,000 after acquiring an additional 1,688 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Duluth in the fourth quarter valued at approximately $1,892,000. Finally, Vanguard Group Inc. grew its holdings in shares of Duluth by 4.1% in the third quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock valued at $15,224,000 after acquiring an additional 18,858 shares in the last quarter. 42.22% of the stock is owned by institutional investors.
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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