Shares of Duluth Holdings Inc (NASDAQ:DLTH) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.83.
Several research firms recently commented on DLTH. DA Davidson set a $25.00 target price on Duluth and gave the company a “buy” rating in a research report on Monday, November 27th. BidaskClub cut Duluth from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of Duluth in a research report on Friday, December 8th. Raymond James Financial restated a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Duluth in a research report on Wednesday, January 31st.
Duluth (NASDAQ DLTH) traded up $0.51 on Friday, reaching $17.91. The company had a trading volume of 105,300 shares, compared to its average volume of 229,605. Duluth has a 12-month low of $15.13 and a 12-month high of $23.42. The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The firm has a market cap of $506.29, a PE ratio of 33.48, a P/E/G ratio of 0.92 and a beta of -0.06.
Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, December 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). Duluth had a net margin of 4.16% and a return on equity of 15.23%. The business had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The firm’s revenue was up 24.9% compared to the same quarter last year. equities analysts predict that Duluth will post 0.67 EPS for the current fiscal year.
In other news, Director William E. Ferry sold 20,200 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $17.34, for a total transaction of $350,268.00. Following the completion of the sale, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $35,234.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was 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 of the company’s stock, valued at $3,983,628.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,600 shares of company stock valued at $1,169,360. 70.38% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avenir Corp purchased a new stake in shares of Duluth in the fourth quarter valued at $7,589,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Duluth in the third quarter valued at $6,696,000. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Duluth in the third quarter valued at $6,275,000. Franklin Resources Inc. lifted its holdings in shares of Duluth by 14.7% in the fourth quarter. Franklin Resources Inc. now owns 1,712,746 shares of the company’s stock valued at $30,572,000 after purchasing an additional 219,671 shares in the last quarter. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Duluth in the third quarter valued at $3,548,000. 38.37% of the stock is owned by institutional investors and hedge funds.
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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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