Duluth Holdings Inc (DLTH) Receives $22.23 Consensus PT from Analysts

Duluth Holdings Inc (NASDAQ:DLTH) has been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.23.

Several analysts have weighed in on DLTH shares. Zacks Investment Research upgraded shares of Duluth from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. BidaskClub lowered shares of Duluth from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. ValuEngine lowered shares of Duluth from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. TheStreet lowered shares of Duluth from a “b-” rating to a “c+” rating in a research note on Wednesday, April 24th. Finally, DA Davidson lowered shares of Duluth from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $24.00 in a research note on Wednesday, March 6th.

In other Duluth news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $14.94, for a total transaction of $89,640.00. Following the completion of the sale, the chief operating officer now owns 173,712 shares in the company, valued at $2,595,257.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 40.72% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Duluth during the first quarter valued at $366,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Duluth during the first quarter valued at $206,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Duluth by 25.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,325 shares of the company’s stock valued at $80,000 after acquiring an additional 682 shares during the period. Jefferies Group LLC acquired a new position in shares of Duluth during the first quarter valued at $495,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Duluth during the first quarter valued at $321,000. 42.22% of the stock is owned by institutional investors.

Shares of NASDAQ:DLTH traded down $0.31 during midday trading on Friday, reaching $15.24. The company had a trading volume of 424,344 shares, compared to its average volume of 335,211. The company has a current ratio of 2.25, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The firm has a market cap of $446.36 million, a PE ratio of 21.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.33. Duluth has a one year low of $14.59 and a one year high of $35.67.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.11). The company had revenue of $250.54 million during the quarter, compared to the consensus estimate of $258.16 million. Duluth had a return on equity of 15.90% and a net margin of 4.10%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. As a group, equities research analysts forecast that Duluth will post 0.76 EPS for the current fiscal year.

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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