Duluth’s (DLTH) Hold Rating Reaffirmed at Raymond James Financial
A number of other equities research analysts have also recently issued reports on DLTH. Zacks Investment Research cut Duluth from a buy rating to a hold rating in a research report on Friday, August 11th. BidaskClub raised Duluth from a sell rating to a hold rating in a research report on Saturday, August 19th. FBR & Co reissued a buy rating and issued a $26.00 price objective on shares of Duluth in a research report on Thursday, August 31st. DA Davidson reissued a buy rating and issued a $25.00 price objective on shares of Duluth in a research report on Wednesday, September 6th. Finally, Robert W. Baird reissued a buy rating on shares of Duluth in a research report on Friday, September 8th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $24.63.
Shares of Duluth (DLTH) traded down $3.28 during trading on Thursday, reaching $16.00. The company’s stock had a trading volume of 3,056,300 shares, compared to its average volume of 280,456. The company has a market capitalization of $560.94, a PE ratio of 33.24, a P/E/G ratio of 1.39 and a beta of 0.03. 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 has a 52-week low of $16.00 and a 52-week high of $37.49.
Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $83.70 million for the quarter, compared to the consensus estimate of $84.01 million. Duluth had a return on equity of 17.05% and a net margin of 4.64%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. analysts expect that Duluth will post 0.7 EPS for the current year.
In related news, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $20.10, for a total value of $570,840.00. Following the completion of the transaction, the director now directly owns 2,032 shares in the company, valued at $40,843.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Ferry sold 2,000 shares of the company’s 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 completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at $39,400.48. The disclosure for this sale can be found here. Insiders sold 117,200 shares of company stock valued at $2,282,090 over the last three months. 70.38% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DLTH. Vanguard Group Inc. raised its stake in shares of Duluth by 8.1% in the first quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock valued at $8,519,000 after purchasing an additional 29,935 shares in the last quarter. Geode Capital Management LLC raised its stake in Duluth by 4.4% during the first quarter. Geode Capital Management LLC now owns 78,503 shares of the company’s stock worth $1,671,000 after acquiring an additional 3,332 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Duluth by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 32,771 shares of the company’s stock worth $698,000 after acquiring an additional 1,539 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Duluth by 183.8% during the second quarter. Russell Investments Group Ltd. now owns 448,360 shares of the company’s stock worth $8,164,000 after acquiring an additional 290,392 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Duluth by 5.3% during the second quarter. TD Asset Management Inc. now owns 89,200 shares of the company’s stock worth $1,624,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors and hedge funds 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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