Duluth Holdings Inc. (DLTH) Stock Rating Reaffirmed by BMO Capital Markets

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Duluth Holdings Inc. (NASDAQ:DLTH)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a research note issued on Saturday. They currently have a $35.00 price objective on the stock, up from their prior price objective of $28.00. BMO Capital Markets’ price target would indicate a potential upside of 23.63% from the stock’s current price.
DLTH has been the topic of a number of other research reports. Robert W. Baird upped their target price on Duluth Holdings from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Investment Research downgraded Duluth Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Stifel Nicolaus began coverage on Duluth Holdings in a report on Friday, May 27th. They issued a “buy” rating and a $28.00 price target for the company. Finally, Wunderlich began coverage on Duluth Holdings in a report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Duluth Holdings has an average rating of “Buy” and an average price target of $30.33.
Duluth Holdings (NASDAQ:DLTH) opened at 28.31 on Friday. The company has a 50 day moving average of $28.32 and a 200-day moving average of $23.78. The stock has a market capitalization of $916.34 million and a price-to-earnings ratio of 42.44. Duluth Holdings has a 12-month low of $12.76 and a 12-month high of $31.79.

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Duluth Holdings (NASDAQ:DLTH) last issued its earnings results on Thursday, September 8th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $65.80 million for the quarter. Duluth Holdings had a return on equity of 26.99% and a net margin of 5.96%. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, equities research analysts forecast that Duluth Holdings will post $0.69 earnings per share for the current year.
In other news, Director Brenda I. Morris sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $25.55, for a total transaction of $159,687.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $24.61, for a total value of $102,869.80. Following the transaction, the director now directly owns 3,333 shares of the company’s stock, valued at $82,025.13. The disclosure for this sale can be found here. Insiders own 70.71% of the company’s stock.
Several hedge funds and institutional investors have made changes to their positions in DLTH. TIAA CREF Investment Management LLC increased its position in shares of Duluth Holdings by 7.5% in the first quarter. TIAA CREF Investment Management LLC now owns 17,407 shares of the company’s stock valued at $339,000 after buying an additional 1,214 shares during the last quarter. First Dallas Securities Inc. acquired a new position in shares of Duluth Holdings during the second quarter valued at $440,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Duluth Holdings by 45.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 60,886 shares of the company’s stock valued at $1,187,000 after buying an additional 19,161 shares during the last quarter. Barclays PLC increased its position in shares of Duluth Holdings by 3,695.2% in the first quarter. Barclays PLC now owns 25,390 shares of the company’s stock valued at $482,000 after buying an additional 24,721 shares during the last quarter. Finally, Summit Creek Advisors LLC increased its position in shares of Duluth Holdings by 6.9% in the first quarter. Summit Creek Advisors LLC now owns 448,092 shares of the company’s stock valued at $8,733,000 after buying an additional 28,972 shares during the last quarter. 27.75% of the stock is owned by institutional investors and hedge funds.
Duluth Holdings Company Profile
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.

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