A number of other research analysts also recently weighed in on DLTH. Zacks Investment Research downgraded Duluth from a buy rating to a hold rating in a research note on Friday, August 11th. BidaskClub raised Duluth from a sell rating to a hold rating in a research note on Saturday, August 19th. FBR & Co reaffirmed a buy rating and issued a $26.00 target price on shares of Duluth in a report on Thursday, August 31st. DA Davidson reissued a buy rating and set a $25.00 price objective on shares of Duluth in a report on Wednesday, September 6th. Finally, Robert W. Baird reissued a buy rating on shares of Duluth in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $22.43.
Duluth (NASDAQ DLTH) traded up $1.09 on Thursday, hitting $18.94. The stock had a trading volume of 375,280 shares, compared to its average volume of 316,950. Duluth has a 52 week low of $15.13 and a 52 week high of $26.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. The stock has a market cap of $519.38, a P/E ratio of 35.07, a PEG ratio of 1.33 and a beta of 0.04.
Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The firm had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $84.01 million. During the same period last year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. equities analysts forecast that Duluth will post 0.67 earnings per share for the current year.
In other news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.88, for a total transaction of $536,192.00. Following the completion of the sale, the director now owns 2,032 shares in the company, valued at $38,364.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total value of $294,750.00. Following the sale, the senior vice president now owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,800 shares of company stock worth $1,672,470. 70.38% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Duluth in the third quarter valued at about $158,000. Rhumbline Advisers increased its holdings in Duluth by 9.2% in the second quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in Duluth in the second quarter valued at about $242,000. Dupont Capital Management Corp bought a new stake in Duluth in the second quarter valued at about $280,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Duluth in the second quarter valued at about $360,000. Institutional investors own 37.37% of the company’s stock.
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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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