Other equities research analysts have also recently issued research reports about the company. Robert W. Baird raised Duluth from a neutral rating to an outperform rating and set a $22.00 price target on the stock in a report on Tuesday, May 7th. TheStreet cut Duluth from a b- rating to a c+ rating in a report on Wednesday, April 24th. DA Davidson cut their price target on Duluth from $24.00 to $19.00 and set a neutral rating on the stock in a report on Friday, April 5th. William Blair cut Duluth from an outperform rating to a market perform rating and set a $18.90 price target on the stock. in a report on Friday, April 5th. Finally, Zacks Investment Research cut Duluth from a hold rating to a sell rating in a report on Wednesday, March 13th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $24.58.
Shares of Duluth stock traded down $0.14 during trading hours on Tuesday, hitting $13.20. 505,333 shares of the company’s stock traded hands, compared to its average volume of 370,845. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.35 and a current ratio of 2.01. The stock has a 50 day moving average of $15.32. Duluth has a twelve month low of $12.97 and a twelve month high of $35.67. The stock has a market cap of $391.66 million, a P/E ratio of 18.33, a PEG ratio of 0.75 and a beta of 0.33.
Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, June 13th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.01). Duluth had a return on equity of 10.97% and a net margin of 2.82%. The business had revenue of $114.24 million during the quarter, compared to the consensus estimate of $114.08 million. During the same period in the prior year, the business earned ($0.02) EPS. The business’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Duluth will post 0.73 EPS for the current fiscal year.
In related news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $14.94, for a total transaction of $89,640.00. Following the sale, the chief operating officer now owns 173,712 shares of the company’s stock, valued at $2,595,257.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 40.72% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of DLTH. William Blair Investment Management LLC acquired a new position in Duluth in the first quarter worth approximately $8,370,000. Oak Ridge Investments LLC grew its position in Duluth by 37.8% in the first quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock worth $12,079,000 after buying an additional 139,110 shares during the last quarter. Wasatch Advisors Inc. grew its position in Duluth by 107.8% in the first quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock worth $5,995,000 after buying an additional 130,467 shares during the last quarter. Castleark Management LLC purchased a new position in Duluth during the 4th quarter worth approximately $2,743,000. Finally, Canada Pension Plan Investment Board purchased a new position in Duluth during the 4th quarter worth approximately $1,892,000. Hedge funds and other institutional investors own 42.06% of the company’s stock.
Duluth Company Profile
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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