Analysts Set Duluth Holdings Inc (NASDAQ:DLTH) Target Price at $21.23

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Duluth Holdings Inc (NASDAQ:DLTH) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $21.23.

DLTH has been the subject of several research reports. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research 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 price objective for the company. in a research report on Friday, April 5th. ValuEngine cut shares of USD Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 14th. Robert W. Baird raised shares of Duluth from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Tuesday, May 7th. Finally, DA Davidson lowered their price target on shares of Broadcom to $300.00 and set a “buy” rating for the company in a research report on Friday, June 14th.

In other news, COO Allen L. Dittrich sold 6,000 shares of the company’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 value of $89,640.00. Following the completion of the sale, the chief operating officer now owns 173,712 shares of the company’s stock, valued at approximately $2,595,257.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 40.72% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in Duluth during the first quarter valued at approximately $8,370,000. Oak Ridge Investments LLC lifted its position in Duluth by 37.8% during the first quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock valued at $12,079,000 after acquiring an additional 139,110 shares during the last quarter. Wasatch Advisors Inc. lifted its position in Duluth by 107.8% during the first quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock valued at $5,995,000 after acquiring an additional 130,467 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in Duluth by 502.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,469 shares of the company’s stock valued at $1,349,000 after acquiring an additional 44,595 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Duluth during the first quarter valued at approximately $366,000. 42.05% of the stock is owned by hedge funds and other institutional investors.

Duluth stock opened at $12.55 on Friday. The stock has a market cap of $367.88 million, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.73 and a beta of 0.19. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.35 and a current ratio of 2.01. Duluth has a 1 year low of $12.49 and a 1 year high of $35.67. The firm has a 50-day moving average of $13.97.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.01). The company had revenue of $114.24 million during the quarter, compared to analysts’ expectations of $114.08 million. Duluth had a net margin of 2.82% and a return on equity of 10.97%. Duluth’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned ($0.02) earnings per share. On average, research analysts predict that Duluth will post 0.72 earnings per share for the current year.

Duluth Company Profile

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.

See Also: Oversold

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