Duluth (NASDAQ:DLTH) had its target price lifted by stock analysts at DA Davidson to $15.00 in a research report issued on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential upside of 12.19% from the stock’s current price. DA Davidson also issued estimates for Duluth’s FY2020 earnings at $0.74 EPS, Q2 2021 earnings at $0.25 EPS, Q4 2021 earnings at $0.92 EPS and FY2021 earnings at $0.88 EPS.

A number of other equities research analysts have also recently weighed in on DLTH. Zacks Investment Research upgraded Duluth from a “sell” rating to a “hold” rating in a research note on Monday, June 10th. BidaskClub upgraded Duluth from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, ValuEngine cut Duluth from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.58.

Shares of NASDAQ DLTH opened at $13.37 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.25 and a quick ratio of 0.39. The firm has a market cap of $391.59 million, a P/E ratio of 26.22, a P/E/G ratio of 0.70 and a beta of 0.33. Duluth has a 1-year low of $13.32 and a 1-year high of $35.67.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). The company had revenue of $114.24 million for the quarter, compared to analysts’ expectations of $114.08 million. Duluth had a return on equity of 11.00% and a net margin of 2.82%. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) earnings per share. As a group, equities analysts forecast that Duluth will post 0.73 EPS for the current fiscal year.

In related news, COO Allen L. Dittrich sold 6,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $14.94, for a total transaction of $89,640.00. Following the transaction, 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 available at this link. Corporate insiders own 40.72% of the company’s stock.

A number of large investors have recently made changes to their positions in DLTH. Vanguard Group Inc. lifted its stake in Duluth by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock valued at $15,224,000 after purchasing an additional 18,858 shares during the last quarter. Rhumbline Advisers lifted its stake in Duluth by 46.5% in the 4th quarter. Rhumbline Advisers now owns 10,678 shares of the company’s stock valued at $269,000 after purchasing an additional 3,391 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Duluth in the 4th quarter valued at about $1,892,000. BlackRock Inc. lifted its stake in Duluth by 1.2% in the 4th quarter. BlackRock Inc. now owns 626,487 shares of the company’s stock valued at $15,805,000 after purchasing an additional 7,386 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Duluth by 219.9% in the 4th quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock valued at $46,000 after purchasing an additional 1,249 shares during the last quarter. 42.22% of the stock is currently owned by institutional investors.

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.

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