BMO Capital Markets set a $18.00 price objective on Duluth (NASDAQ:DLTH) in a research report report published on Thursday. The brokerage currently has a hold rating on the stock.

A number of other research firms have also weighed in on DLTH. FBR & Co reaffirmed a buy rating and issued a $26.00 price objective on shares of Duluth in a research note on Thursday, August 31st. Zacks Investment Research lowered shares of Duluth from a buy rating to a hold rating in a research note on Tuesday, November 7th. B. Riley reaffirmed a buy rating on shares of Duluth in a research note on Wednesday, November 1st. DA Davidson reaffirmed a buy rating and issued a $25.00 price objective on shares of Duluth in a research note on Wednesday, September 6th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $26.00 price objective on shares of Duluth in a research note on Friday, November 10th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $22.43.

Duluth (NASDAQ:DLTH) opened at $16.16 on Thursday. The stock has a market cap of $470.21, a price-to-earnings ratio of 29.93, a P/E/G ratio of 1.16 and a beta of 0.03. Duluth has a 12 month low of $15.70 and a 12 month high of $30.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.30 and a current ratio of 2.54.

Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The company had revenue of $83.70 million for the quarter, compared to the consensus estimate of $84.01 million. Duluth had a return on equity of 15.34% and a net margin of 4.16%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. analysts predict that Duluth will post 0.68 EPS for the current year.

In other news, Director William E. Ferry sold 28,400 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $20.10, for a total value of $570,840.00. Following the completion of the sale, the director now owns 2,032 shares in the company, valued at $40,843.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total transaction of $294,750.00. Following the completion of the sale, the senior vice president now owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The disclosure for this sale can be found here. Insiders sold 117,200 shares of company stock worth $2,282,090 over the last ninety days. Insiders own 70.38% of the company’s stock.

Several hedge funds have recently made changes to their positions in DLTH. JPMorgan Chase & Co. purchased a new stake in shares of Duluth in the third quarter valued at about $158,000. Rhumbline Advisers raised its holdings in shares of Duluth by 9.2% in the second 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 last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Duluth in the second quarter valued at about $242,000. Dupont Capital Management Corp purchased a new stake in shares of Duluth in the second quarter valued at about $280,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of Duluth in the second quarter valued at about $360,000. Institutional investors own 37.48% of the company’s stock.

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Duluth 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.

Analyst Recommendations for Duluth (NASDAQ:DLTH)

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