Duluth (NASDAQ:DLTH) had its target price decreased by analysts at Stifel Nicolaus from $11.00 to $9.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential downside of 0.55% from the stock’s previous close.
DLTH has been the topic of several other research reports. Zacks Investment Research upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research report on Monday, November 18th. ValuEngine raised Duluth from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub upgraded Duluth from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Duluth has a consensus rating of “Hold” and an average target price of $16.23.
NASDAQ:DLTH opened at $9.05 on Tuesday. The stock has a fifty day moving average of $9.26 and a 200 day moving average of $11.32. Duluth has a 52-week low of $7.89 and a 52-week high of $32.72. The firm has a market capitalization of $271.07 million, a price-to-earnings ratio of 12.57 and a beta of 0.31. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.32 and a current ratio of 1.93.
Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The business had revenue of $121.96 million for the quarter, compared to analysts’ expectations of $127.33 million. Duluth had a return on equity of 7.90% and a net margin of 2.02%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. Equities analysts forecast that Duluth will post 0.61 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new position in Duluth in the 2nd quarter worth approximately $34,000. Advisor Group Inc. grew its stake in shares of Duluth by 63.9% in the second quarter. Advisor Group Inc. now owns 2,569 shares of the company’s stock worth $35,000 after purchasing an additional 1,002 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Duluth in the second quarter worth about $81,000. Tower Research Capital LLC TRC grew its stake in shares of Duluth by 221.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,964 shares of the company’s stock worth $108,000 after purchasing an additional 5,483 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Duluth during the 2nd quarter valued at about $163,000. 40.02% of the stock is owned by institutional investors and hedge funds.
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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