Duluth (NASDAQ:DLTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $38.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 18.68% from the company’s previous close.
According to Zacks, “Duluth Holdings Inc. provides casual wear, workwear and accessories for men and women. The company markets its products under trademarks, trade names and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Buck Naked, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt and Wild Boar Mocs. Duluth Holdings Inc. is headquartered in Belleville, Wisconsin. “
Several other brokerages have also issued reports on DLTH. ValuEngine raised Duluth from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Stifel Nicolaus raised their price objective on Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a report on Thursday. BidaskClub raised Duluth from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 23rd. William Blair raised Duluth from a “market perform” rating to an “outperform” rating in a report on Friday, June 29th. Finally, Robert W. Baird lowered Duluth from an “outperform” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a report on Thursday, August 23rd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.50.
Duluth stock traded down $2.19 during midday trading on Thursday, reaching $32.02. The company’s stock had a trading volume of 632,700 shares, compared to its average volume of 232,255. The stock has a market cap of $845.60 million, a PE ratio of 47.79, a P/E/G ratio of 1.78 and a beta of 0.03. Duluth has a fifty-two week low of $15.13 and a fifty-two week high of $35.67. 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 (NASDAQ:DLTH) last issued its quarterly earnings data on Wednesday, September 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. The company had revenue of $110.65 million for the quarter, compared to analyst estimates of $106.56 million. Duluth had a return on equity of 15.77% and a net margin of 4.57%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. research analysts expect that Duluth will post 0.81 earnings per share for the current fiscal year.
In related news, SVP Allen L. Dittrich sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $28.97, for a total transaction of $115,880.00. Following the transaction, the senior vice president now owns 192,186 shares of the company’s stock, valued at $5,567,628.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas George Folliard sold 2,032 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $20.42, for a total value of $41,493.44. Following the transaction, 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. In the last three months, insiders have sold 10,032 shares of company stock worth $249,213. Corporate insiders own 70.38% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. grew its holdings in shares of Duluth by 17.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 23,809 shares of the company’s stock worth $566,000 after buying an additional 3,474 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Duluth by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock worth $309,000 after buying an additional 3,692 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Duluth by 0.9% during the first quarter. BlackRock Inc. now owns 723,379 shares of the company’s stock worth $13,549,000 after buying an additional 6,187 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Duluth by 1.3% during the first quarter. Thrivent Financial for Lutherans now owns 608,541 shares of the company’s stock worth $11,398,000 after buying an additional 7,944 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Duluth during the second quarter worth about $205,000. 43.47% of the stock is currently owned by hedge funds and other institutional investors.
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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