Duluth Holdings Inc. (NASDAQ:DLTH) Rating Lowered to Hold at Zacks Investment Research
Duluth Holdings Inc. (NASDAQ:DLTH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.
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. “
Several other analysts have also weighed in on DLTH. BMO Capital Markets set a $30.00 price objective on shares of Duluth Holdings and gave the company a “buy” rating in a research note on Tuesday. Wunderlich reiterated a “buy” rating and issued a $26.00 price objective on shares of Duluth Holdings in a research note on Thursday, July 20th. Robert W. Baird lowered their price objective on shares of Duluth Holdings from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, June 9th. Stifel Nicolaus lowered their price objective on shares of Duluth Holdings from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, June 7th. Finally, FBR & Co reiterated an “outperform” rating and issued a $26.00 price objective on shares of Duluth Holdings in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.38.
Duluth Holdings (NASDAQ:DLTH) traded up 0.64% during midday trading on Friday, hitting $19.01. 98,391 shares of the company were exchanged. Duluth Holdings has a one year low of $16.01 and a one year high of $38.19. The stock has a market capitalization of $616.95 million, a PE ratio of 33.35 and a beta of 0.19. The firm’s 50-day moving average price is $18.66 and its 200-day moving average price is $20.17.
Duluth Holdings (NASDAQ:DLTH) last released its quarterly earnings data on Tuesday, June 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.04. The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $82.94 million. Duluth Holdings had a net margin of 4.71% and a return on equity of 17.31%. The business’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts anticipate that Duluth Holdings will post $0.69 earnings per share for the current year.
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In other Duluth Holdings news, SVP Allen L. Dittrich sold 10,000 shares of Duluth Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $18.99, for a total transaction of $189,900.00. Following the transaction, the senior vice president now directly owns 241,221 shares of the company’s stock, valued at approximately $4,580,786.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ferry sold 28,400 shares of Duluth Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $18.93, for a total transaction of $537,612.00. Following the transaction, the director now directly owns 2,032 shares in the company, valued at $38,465.76. The disclosure for this sale can be found here. Insiders have sold a total of 50,400 shares of company stock worth $957,672 over the last ninety days. Insiders own 70.38% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DLTH. Cooper Creek Partners Management LLC increased its position in Duluth Holdings by 351.0% in the second quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after buying an additional 418,965 shares in the last quarter. Summit Creek Advisors LLC increased its position in Duluth Holdings by 154.4% in the second quarter. Summit Creek Advisors LLC now owns 532,652 shares of the company’s stock worth $9,700,000 after buying an additional 323,293 shares in the last quarter. Russell Investments Group Ltd. increased its position in Duluth Holdings by 183.8% in the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock worth $8,164,000 after buying an additional 290,392 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Duluth Holdings during the first quarter worth about $6,057,000. Finally, Franklin Resources Inc. increased its position in Duluth Holdings by 24.9% in the second 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 in the last quarter. 33.01% of the stock is currently owned by hedge funds and other institutional investors.
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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