Duluth (DLTH) PT Lowered to $17.00 at Stifel Nicolaus
Duluth (NASDAQ:DLTH) had its price target cut by Stifel Nicolaus from $20.00 to $17.00 in a report issued on Friday, MarketBeat Ratings reports. They currently have a hold rating on the stock.
A number of other research analysts have also recently commented on the company. Robert W. Baird reissued a buy rating and issued a $26.00 price target on shares of Duluth in a report on Friday, November 10th. BMO Capital Markets cut Duluth from an outperform rating to a market perform rating in a report on Wednesday, November 1st. Raymond James Financial cut Duluth from an outperform rating to a market perform rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Duluth from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Thursday, September 7th. Finally, FBR & Co reissued a buy rating and issued a $26.00 price target on shares of Duluth in a report on Wednesday, September 6th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $22.43.
Duluth (DLTH) traded up $0.16 during midday trading on Friday, reaching $16.16. The company had a trading volume of 886,400 shares, compared to its average volume of 283,013. 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 one year low of $15.70 and a one year high of $30.11. The stock has a market cap of $470.21, a PE ratio of 29.93, a PEG ratio of 1.19 and a beta of 0.03.
Duluth (NASDAQ:DLTH) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) EPS 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 business had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $84.01 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. sell-side analysts predict that Duluth will post 0.68 earnings per share for the current fiscal year.
In other news, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total transaction of $294,750.00. Following the sale, the senior vice president now directly owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 2,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the sale, the director now owns 2,032 shares in the company, valued at approximately $39,400.48. The disclosure for this sale can be found here. Insiders have sold a total of 117,200 shares of company stock worth $2,282,090 over the last ninety days. Insiders own 70.38% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in Duluth during the 3rd quarter valued at $158,000. Rhumbline Advisers raised its holdings in Duluth by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after buying an additional 885 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Duluth during the 2nd quarter valued at $242,000. Dupont Capital Management Corp purchased a new stake in Duluth during the 2nd quarter valued at $280,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Duluth during the 2nd quarter valued at $360,000. Institutional investors own 37.48% of the company’s stock.
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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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