Shares of Duluth Holdings Inc (NASDAQ:DLTH) have received an average recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.75.

A number of equities analysts recently commented on DLTH shares. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price target on shares of Duluth in a research report on Thursday, August 9th. ValuEngine raised shares of Duluth from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. BidaskClub raised shares of Duluth from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 15th. DA Davidson raised their price target on shares of Duluth to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Stifel Nicolaus raised their price target on shares of Duluth from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th.

In other Duluth news, insider Stephanie L. Pugliese sold 2,830 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $31.18, for a total transaction of $88,239.40. Following the sale, the insider now directly owns 768,282 shares in the company, valued at $23,955,032.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Allen L. Dittrich sold 5,000 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $31.58, for a total transaction of $157,900.00. Following the sale, the chief operating officer now owns 177,186 shares in the company, valued at $5,595,533.88. The disclosure for this sale can be found here. Insiders have sold 56,830 shares of company stock worth $1,768,369 over the last quarter. Corporate insiders own 70.38% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in Duluth by 27.5% during the second quarter. FMR LLC now owns 1,698,414 shares of the company’s stock worth $40,405,000 after buying an additional 366,111 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Duluth by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 483,916 shares of the company’s stock valued at $15,224,000 after purchasing an additional 18,858 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in shares of Duluth by 10.3% in the 3rd quarter. Summit Creek Advisors LLC now owns 325,465 shares of the company’s stock valued at $10,239,000 after purchasing an additional 30,380 shares in the last quarter. Cortina Asset Management LLC acquired a new stake in shares of Duluth in the 2nd quarter valued at approximately $5,911,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Duluth by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,105 shares of the company’s stock valued at $5,289,000 after purchasing an additional 12,603 shares in the last quarter. Hedge funds and other institutional investors own 39.85% of the company’s stock.

NASDAQ:DLTH opened at $30.37 on Friday. Duluth has a 52 week low of $15.13 and a 52 week high of $35.67. The stock has a market cap of $907.12 million, a P/E ratio of 45.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, December 6th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). Duluth had a net margin of 4.76% and a return on equity of 16.57%. The business had revenue of $106.70 million for the quarter, compared to analyst estimates of $104.68 million. During the same period last year, the firm earned ($0.03) earnings per share. Duluth’s revenue for the quarter was up 27.5% compared to the same quarter last year. Equities research analysts anticipate that Duluth will post 0.84 earnings per share for the current 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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Analyst Recommendations for Duluth (NASDAQ:DLTH)

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