Duluth (NASDAQ:DLTH) had its price target raised by stock analysts at DA Davidson to $15.00 in a report released on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price points to a potential upside of 7.45% from the stock’s current price.
Several other research analysts have also recently commented on the stock. TheStreet cut shares of Duluth from a “b-” rating to a “c+” rating in a report on Wednesday, April 24th. William Blair cut shares of Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 target price on the stock. in a report on Friday, April 5th. Robert W. Baird raised shares of Duluth from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Tuesday, May 7th. BidaskClub cut shares of Duluth from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, ValuEngine cut shares of Duluth from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Duluth presently has a consensus rating of “Hold” and a consensus price target of $24.58.
Duluth stock traded down $0.94 during trading hours on Friday, hitting $13.96. The company had a trading volume of 244,148 shares, compared to its average volume of 300,662. The stock has a market cap of $441.38 million, a P/E ratio of 19.39, a P/E/G ratio of 0.79 and a beta of 0.33. The company has a quick ratio of 0.39, a current ratio of 2.25 and a debt-to-equity ratio of 0.43. Duluth has a one year low of $14.59 and a one year high of $35.67.
In other news, COO Allen L. Dittrich sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were 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 $2,595,257.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.72% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Duluth by 4.1% in the third quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock worth $15,224,000 after purchasing an additional 18,858 shares during the last quarter. Rhumbline Advisers increased its position in Duluth by 46.5% in the fourth quarter. Rhumbline Advisers now owns 10,678 shares of the company’s stock worth $269,000 after purchasing an additional 3,391 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Duluth in the fourth quarter worth $1,892,000. BlackRock Inc. increased its position in Duluth by 1.2% in the fourth quarter. BlackRock Inc. now owns 626,487 shares of the company’s stock worth $15,805,000 after purchasing an additional 7,386 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Duluth by 219.9% in the fourth quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock worth $46,000 after purchasing an additional 1,249 shares during the last quarter. 42.22% 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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