BidaskClub upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a report published on Wednesday, December 20th.
Several other analysts also recently weighed in on the company. B. Riley restated a buy rating on shares of Duluth in a research note on Wednesday, November 1st. Robert W. Baird restated a buy rating and issued a $23.00 price target on shares of Duluth in a research note on Friday, December 8th. DA Davidson reiterated a buy rating and set a $25.00 target price on shares of Duluth in a research note on Wednesday, September 6th. TheStreet downgraded Duluth from a c rating to a d+ rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus cut their target price on Duluth from $20.00 to $17.00 and set a hold rating on the stock in a research note on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $22.43.
Duluth (DLTH) traded down $0.06 on Wednesday, reaching $17.82. The company’s stock had a trading volume of 310,282 shares, compared to its average volume of 290,494. The company has a market cap of $520.26, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. Duluth has a fifty-two week low of $15.13 and a fifty-two week high of $26.38.
Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The firm had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $84.01 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s revenue was up 24.9% on a year-over-year basis. analysts anticipate that Duluth will post 0.67 earnings per share for the current fiscal year.
In other Duluth news, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $19.67, for a total transaction of $558,628.00. Following the sale, the director now directly owns 2,032 shares of the company’s stock, valued at $39,969.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $18.86, for a total value of $282,900.00. Following the sale, the senior vice president now directly owns 211,221 shares in the company, valued at $3,983,628.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,800 shares of company stock worth $1,672,470. 70.38% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Duluth during the third quarter valued at about $158,000. Rhumbline Advisers grew its position in shares of Duluth by 9.2% during 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 in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Duluth during the second quarter valued at about $242,000. Dupont Capital Management Corp purchased a new position in shares of Duluth during the second quarter valued at about $280,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Duluth during the second quarter valued at about $360,000. Hedge funds and other institutional investors own 37.37% of the company’s stock.
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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