Duluth (NASDAQ:DLTH) had its target price raised by stock analysts at Stifel Nicolaus from $26.00 to $29.00 in a research note issued on Thursday. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 12.49% from the company’s previous close.

A number of other brokerages have also commented on DLTH. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price target on shares of Duluth in a research note on Thursday, August 9th. ValuEngine upgraded shares of Duluth from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research note on Tuesday, May 22nd. BidaskClub lowered shares of Duluth from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 10th. Finally, William Blair upgraded shares of Duluth from a “market perform” rating to an “outperform” rating in a research note on Friday, June 29th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Duluth presently has an average rating of “Buy” and an average price target of $29.00.

Duluth stock opened at $33.14 on Thursday. The stock has a market cap of $935.59 million, a PE ratio of 45.74, a PEG ratio of 1.91 and a beta of 0.03. Duluth has a fifty-two week low of $15.13 and a fifty-two week high of $35.67. The company has a current ratio of 1.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.26.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The company had revenue of $110.65 million for the quarter, compared to analyst estimates of $106.56 million. Duluth had a net margin of 4.76% and a return on equity of 16.98%. Duluth’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. research analysts expect that Duluth will post 0.84 EPS for the current fiscal year.

In other Duluth news, SVP Allen L. Dittrich sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $28.97, for a total transaction of $115,880.00. Following the transaction, the senior vice president now owns 192,186 shares in the company, valued at approximately $5,567,628.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas George Folliard sold 2,032 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $20.42, for a total transaction of $41,493.44. Following the transaction, the director now owns 52,344 shares in the company, valued at approximately $1,068,864.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,032 shares of company stock worth $249,213. 70.38% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its position in shares of Duluth by 5.9% during the 1st quarter. Franklin Resources Inc. now owns 1,813,708 shares of the company’s stock worth $33,971,000 after purchasing an additional 100,962 shares in the last quarter. FMR LLC grew its position in shares of Duluth by 27.5% during the 2nd quarter. FMR LLC now owns 1,698,414 shares of the company’s stock worth $40,405,000 after purchasing an additional 366,111 shares in the last quarter. BlackRock Inc. grew its position in shares of Duluth by 0.9% during the 1st quarter. BlackRock Inc. now owns 723,379 shares of the company’s stock worth $13,549,000 after purchasing an additional 6,187 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Duluth by 1.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 608,541 shares of the company’s stock worth $11,398,000 after purchasing an additional 7,944 shares in the last quarter. Finally, Oak Ridge Investments LLC grew its position in shares of Duluth by 16.4% during the 1st quarter. Oak Ridge Investments LLC now owns 458,810 shares of the company’s stock worth $8,594,000 after purchasing an additional 64,687 shares in the last quarter. Hedge funds and other institutional investors own 43.47% of the company’s stock.

Duluth Company Profile

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.

Further Reading: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Duluth (NASDAQ:DLTH)

Receive News & Ratings for Duluth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth and related companies with MarketBeat.com's FREE daily email newsletter.