Duluth Holdings Inc (NASDAQ:DLTH) – Equities researchers at DA Davidson cut their FY2018 earnings per share (EPS) estimates for shares of Duluth in a research note issued to investors on Friday. DA Davidson analyst A. Burns now forecasts that the company will post earnings of $0.62 per share for the year, down from their previous forecast of $0.69. DA Davidson currently has a “Buy” rating and a $25.00 target price on the stock. DA Davidson also issued estimates for Duluth’s Q1 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.77 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.15 EPS.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Duluth from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Duluth in a research note on Friday, December 8th. TheStreet lowered Duluth from a “c” rating to a “d+” rating in a research note on Thursday, December 14th. Raymond James Financial reiterated a “hold” rating on shares of Duluth in a research note on Thursday, December 7th. Finally, BMO Capital Markets set a $18.00 target price on Duluth and gave the company a “hold” rating in a research note on Thursday, December 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.00.
Duluth (NASDAQ DLTH) traded up $0.12 during trading on Monday, hitting $18.51. The stock had a trading volume of 21,881 shares, compared to its average volume of 204,609. The stock has a market cap of $532.19, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.13. The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. Duluth has a 52 week low of $15.13 and a 52 week high of $23.42.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Duluth during the 3rd quarter valued at approximately $158,000. Millennium Management LLC acquired a new stake in Duluth during the 4th quarter valued at approximately $224,000. TIAA CREF Investment Management LLC grew its stake in Duluth by 5.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,115 shares of the company’s stock valued at $476,000 after purchasing an additional 1,397 shares in the last quarter. Dupont Capital Management Corp grew its stake in Duluth by 61.7% during the 3rd quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock valued at $504,000 after purchasing an additional 9,475 shares in the last quarter. Finally, Ironwood Investment Management LLC acquired a new stake in Duluth during the 4th quarter valued at approximately $683,000. Institutional investors and hedge funds own 43.25% of the company’s stock.
In other news, Director William E. Ferry sold 20,200 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $16.72, for a total value of $337,744.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 70.38% of the stock is currently owned by company insiders.
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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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