Other research analysts have also recently issued reports about the company. B. Riley reissued a buy rating on shares of Duluth in a report on Wednesday, November 1st. BidaskClub raised Duluth from a sell rating to a hold rating in a report on Saturday, August 19th. Zacks Investment Research lowered Duluth from a buy rating to a hold rating in a research report on Friday, August 11th. BMO Capital Markets set a $30.00 price objective on Duluth and gave the stock a buy rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird restated a buy rating and set a $26.00 target price on shares of Duluth in a research report on Friday, November 10th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $26.51.
Shares of Duluth (DLTH) opened at $18.73 on Monday. The stock has a market cap of $546.98, a price-to-earnings ratio of 32.41, a PEG ratio of 1.35 and a beta of 0.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.30. Duluth has a 52 week low of $16.01 and a 52 week high of $37.49.
Duluth (NASDAQ:DLTH) last issued its earnings results on Tuesday, September 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $82.51 million. Duluth had a return on equity of 17.05% and a net margin of 4.64%. Duluth’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. research analysts expect that Duluth will post 0.7 EPS for the current year.
In other Duluth news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.88, for a total value of $536,192.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,364.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.86, for a total value of $282,900.00. Following the completion of the transaction, the senior vice president now directly owns 211,221 shares in the company, valued at $3,983,628.06. The disclosure for this sale can be found here. Insiders sold a total of 117,200 shares of company stock worth $2,282,090 in the last 90 days. Company insiders own 70.38% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of Duluth during the 2nd quarter worth $280,000. Summit Creek Advisors LLC lifted its position in shares of Duluth by 1.9% during the 3rd quarter. Summit Creek Advisors LLC now owns 542,557 shares of the company’s stock worth $11,008,000 after buying an additional 9,905 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Duluth by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock worth $8,519,000 after buying an additional 29,935 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Duluth during the 3rd quarter worth $6,696,000. Finally, Franklin Resources Inc. lifted its position in shares of Duluth by 24.9% during the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock worth $14,497,000 after buying an additional 158,489 shares during the last quarter. 37.48% of the stock is currently owned by institutional investors.
Duluth Company Profile
Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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