Duluth Holdings (NASDAQ:DLTH) Receiving Somewhat Favorable Media Coverage, Study Finds
Media headlines about Duluth Holdings (NASDAQ:DLTH) have trended somewhat positive on Sunday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Duluth Holdings earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.8340427407172 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $82.84 Million in Sales Expected for Duluth Holdings Inc. (NASDAQ:DLTH) This Quarter (americanbankingnews.com)
- Comparing Hanesbrands (HBI) & Duluth Holdings (DLTH) (americanbankingnews.com)
- Duluth Holdings Inc. (DLTH) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Destination XL Group, Inc. (DXLG) is at $1.85 per share and Duluth Holdings Inc. (DLTH) is listed at $18.89 – Stocks Gallery (stocksgallery.com)
- Cooper Creek Partners Management Llc Buys Duluth Holdings Inc, Gigamon Inc, Cooper Tire & Rubber Co, Sells … – GuruFocus.com (gurufocus.com)
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective 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. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Duluth Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. DA Davidson assumed coverage on shares of Duluth Holdings in a research report on Friday, July 21st. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Wunderlich reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Duluth Holdings in a research report on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.38.
Duluth Holdings (DLTH) traded up 0.64% during mid-day trading on Friday, reaching $19.01. 98,391 shares of the company’s stock traded hands. The stock’s 50 day moving average is $18.72 and its 200-day moving average is $20.14. The stock has a market capitalization of $616.95 million, a PE ratio of 33.35 and a beta of 0.19. Duluth Holdings has a 52 week low of $16.01 and a 52 week high of $38.19.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, June 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The company had revenue of $83.70 million for the quarter, compared to analyst estimates of $82.94 million. During the same period in the previous year, the business posted $0.10 EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts anticipate that Duluth Holdings will post $0.69 EPS for the current year.
In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the sale, the senior vice president now owns 241,221 shares of the company’s stock, valued at $4,580,786.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the sale, the director now directly owns 2,032 shares in the company, valued at approximately $38,465.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,400 shares of company stock worth $957,672. 70.38% of the stock is owned by corporate insiders.
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Duluth Holdings Company Profile
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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