Duluth (NASDAQ:DLTH) was upgraded by stock analysts at William Blair from a “market perform” rating to an “outperform” rating in a report issued on Friday, MarketBeat Ratings reports.
Several other research firms have also recently issued reports on DLTH. Robert W. Baird cut their price objective on Duluth from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, March 21st. Zacks Investment Research cut Duluth from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 8th. BidaskClub cut Duluth from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. DA Davidson reiterated a “buy” rating on shares of Duluth in a research report on Friday, June 1st. Finally, TheStreet upgraded Duluth from a “d+” rating to a “c-” rating in a research report on Wednesday, April 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Duluth has an average rating of “Buy” and an average target price of $21.86.
Duluth opened at $23.79 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $691.03 million, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.45 and a beta of -0.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.58 and a quick ratio of 0.17. Duluth has a 1 year low of $15.13 and a 1 year high of $25.11.
Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, June 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $100.20 million during the quarter, compared to analysts’ expectations of $100.23 million. Duluth had a return on equity of 15.77% and a net margin of 4.57%. Duluth’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. sell-side analysts anticipate that Duluth will post 0.81 EPS for the current year.
In other Duluth news, Director William E. Ferry sold 20,200 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $18.62, for a total value of $376,124.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas George Folliard sold 2,032 shares of the company’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $20.42, for a total value of $41,493.44. Following the completion of the sale, the director now directly owns 52,344 shares in the company, valued at approximately $1,068,864.48. The disclosure for this sale can be found here. Insiders sold 64,432 shares of company stock worth $1,149,525 in the last three months. 70.38% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of DLTH. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Duluth by 233.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,307 shares of the company’s stock valued at $174,000 after acquiring an additional 6,514 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Duluth during the fourth quarter valued at $224,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Duluth during the first quarter valued at $453,000. Barclays PLC boosted its stake in shares of Duluth by 1,452.0% during the first quarter. Barclays PLC now owns 24,971 shares of the company’s stock valued at $467,000 after acquiring an additional 23,362 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Duluth during the first quarter valued at $708,000. 44.67% of the stock is currently owned by institutional investors and hedge funds.
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.
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