Duluth Holdings Inc. (DLTH) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Duluth Holdings Inc. (NASDAQ:DLTH) from a buy rating to a hold rating in a research report released on Tuesday morning.
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. “
A number of other research analysts have also weighed in on the stock. DA Davidson initiated coverage on shares of Duluth Holdings in a research note on Friday, July 21st. They issued a buy rating and a $25.00 price objective on the stock. Raymond James Financial, Inc. lowered shares of Duluth Holdings from an outperform rating to a market perform rating in a research report on Wednesday, August 23rd. FBR & Co reissued an outperform rating and set a $26.00 price target on shares of Duluth Holdings in a research report on Tuesday, July 11th. Wunderlich reissued a buy rating and set a $26.00 price target on shares of Duluth Holdings in a research report on Thursday, July 20th. Finally, BMO Capital Markets lowered shares of Duluth Holdings from an outperform rating to a market perform rating in a research report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $26.51.
Duluth Holdings (NASDAQ DLTH) opened at $17.67 on Tuesday. Duluth Holdings has a 12 month low of $16.01 and a 12 month high of $38.19. The firm has a market cap of $514.39, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 1.27 and a beta of 0.19. The company has a quick ratio of 0.30, a current ratio of 2.54 and a debt-to-equity ratio of 0.17.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, September 5th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Duluth Holdings had a net margin of 4.64% and a return on equity of 17.05%. The firm had revenue of $86.20 million for the quarter, compared to analyst estimates of $82.51 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. equities research analysts anticipate that Duluth Holdings will post 0.7 EPS for the current fiscal year.
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In related news, Director William E. Ferry sold 28,400 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.67, for a total transaction of $558,628.00. Following the completion of the sale, the director now owns 2,032 shares in the company, valued at $39,969.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Allen L. Dittrich sold 15,000 shares of the firm’s stock in a transaction dated 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 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. Insiders have sold 102,200 shares of company stock worth $2,026,738 over the last three months. 70.38% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLTH. Wells Fargo & Company MN increased its holdings in Duluth Holdings by 33.5% during the first quarter. Wells Fargo & Company MN now owns 13,738 shares of the company’s stock worth $292,000 after buying an additional 3,450 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Duluth Holdings by 108.4% in the first quarter. Bank of New York Mellon Corp now owns 179,802 shares of the company’s stock worth $3,828,000 after purchasing an additional 93,512 shares in the last quarter. American International Group Inc. increased its stake in shares of Duluth Holdings by 7.0% in the first quarter. American International Group Inc. now owns 5,904 shares of the company’s stock worth $126,000 after purchasing an additional 388 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Duluth Holdings by 8.1% in the first quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock worth $8,519,000 after purchasing an additional 29,935 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Duluth Holdings by 4.4% in the first quarter. Geode Capital Management LLC now owns 78,503 shares of the company’s stock worth $1,671,000 after purchasing an additional 3,332 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.
About Duluth Holdings
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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