Shares of Duluth Holdings Inc. (NASDAQ:DLTH) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.00.
A number of equities research analysts have recently weighed in on DLTH shares. Wunderlich started coverage on shares of Duluth Holdings in a report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price objective on the stock. Robert W. Baird restated an “outperform” rating and issued a $29.00 price objective on shares of Duluth Holdings in a report on Wednesday, July 6th. Stifel Nicolaus raised their price objective on shares of Duluth Holdings from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, September 2nd. BMO Capital Markets restated a “buy” rating and issued a $28.00 price objective on shares of Duluth Holdings in a report on Wednesday, June 8th. Finally, Zacks Investment Research lowered shares of Duluth Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd.
In other Duluth Holdings news, Director William E. Ferry sold 4,180 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $30.18, for a total transaction of $126,152.40. Following the transaction, the director now directly owns 3,333 shares of the company’s stock, valued at approximately $100,589.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 70.71% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Summit Creek Advisors LLC increased its position in shares of Duluth Holdings by 13.2% in the second quarter. Summit Creek Advisors LLC now owns 507,167 shares of the company’s stock valued at $12,405,000 after buying an additional 59,075 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Duluth Holdings by 15.6% in the second quarter. Vanguard Group Inc. now owns 301,196 shares of the company’s stock valued at $7,367,000 after buying an additional 40,735 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Duluth Holdings during the second quarter valued at about $7,029,000. Thrivent Financial for Lutherans acquired a new position in shares of Duluth Holdings during the second quarter valued at about $6,316,000. Finally, BlackRock Fund Advisors increased its position in shares of Duluth Holdings by 27.3% in the second quarter. BlackRock Fund Advisors now owns 248,607 shares of the company’s stock valued at $6,081,000 after buying an additional 53,295 shares during the last quarter. 26.93% of the stock is currently owned by institutional investors.
Shares of Duluth Holdings (NASDAQ:DLTH) traded up 0.165% on Wednesday, hitting $26.764. 91,869 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $28.57 and its 200 day moving average price is $25.07. Duluth Holdings has a 12-month low of $12.76 and a 12-month high of $31.79. The stock has a market cap of $866.48 million and a price-to-earnings ratio of 42.618.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. Duluth Holdings had a net margin of 5.96% and a return on equity of 24.89%. The business had revenue of $65.80 million for the quarter. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities analysts predict that Duluth Holdings will post $0.70 earnings per share for the current fiscal year.
About Duluth Holdings
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
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