Duluth Holdings Inc. (DLTH) Given a $30.00 Price Target by BMO Capital Markets Analysts
Several other research analysts have also commented on DLTH. Stifel Nicolaus decreased their target price on Duluth Holdings from $21.00 to $20.00 and set a hold rating for the company in a research report on Wednesday, June 7th. Zacks Investment Research lowered Duluth Holdings from a hold rating to a sell rating in a research report on Thursday, June 8th. Wunderlich reiterated a buy rating and issued a $36.00 target price on shares of Duluth Holdings in a research report on Friday, June 9th. Robert W. Baird decreased their target price on Duluth Holdings from $30.00 to $25.00 and set an outperform rating for the company in a research report on Friday, June 9th. Finally, FBR & Co reiterated an outperform rating and issued a $26.00 target price on shares of Duluth Holdings in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duluth Holdings presently has a consensus rating of Buy and a consensus target price of $26.38.
Shares of Duluth Holdings (DLTH) opened at 19.425 on Friday. The firm has a market capitalization of $630.42 million, a P/E ratio of 34.079 and a beta of 0.19. Duluth Holdings has a 12-month low of $16.01 and a 12-month high of $38.19. The stock has a 50 day moving average price of $19.50 and a 200 day moving average price of $19.67.
Duluth Holdings (NASDAQ:DLTH) last issued its earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $86.20 million during the quarter, compared to analyst estimates of $82.51 million. Duluth Holdings had a return on equity of 17.05% and a net margin of 4.64%. The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Equities analysts anticipate that Duluth Holdings will post $0.70 earnings per share for the current fiscal year.
In related news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.85, for a total transaction of $563,740.00. Following the completion of the transaction, the director now owns 2,032 shares in the company, valued at approximately $40,335.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Allen L. Dittrich sold 10,000 shares of the business’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 value of $189,900.00. Following the transaction, the senior vice president now owns 241,221 shares of the company’s stock, valued at approximately $4,580,786.79. The disclosure for this sale can be found here. Insiders have sold a total of 66,800 shares of company stock valued at $1,291,252 in the last 90 days. Insiders own 70.38% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DLTH. American International Group Inc. boosted its position in Duluth Holdings by 7.0% during the 1st 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 period. Invictus RG acquired a new position in Duluth Holdings during the 1st quarter valued at approximately $182,000. Rhumbline Advisers boosted its position in Duluth Holdings by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares during the period. Paloma Partners Management Co acquired a new position in Duluth Holdings during the 1st quarter valued at approximately $212,000. Finally, Trexquant Investment LP acquired a new position in Duluth Holdings during the 1st quarter valued at approximately $223,000. Institutional investors and hedge funds own 33.54% of the company’s stock.
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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