Duluth Holdings Inc (NASDAQ:DLTH)’s share price traded down 10.8% during trading on Tuesday . The stock traded as low as $15.95 and last traded at $16.82. 1,721,617 shares changed hands during trading, an increase of 614% from the average session volume of 240,987 shares. The stock had previously closed at $18.85.
Several equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Duluth in a research note on Wednesday, January 31st. BidaskClub raised shares of Duluth from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. TheStreet cut shares of Duluth from a “c” rating to a “d+” rating in a research note on Thursday, December 14th. Zacks Investment Research raised shares of Duluth from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, February 2nd. Finally, BMO Capital Markets set a $18.00 price objective on shares of Duluth and gave the company a “hold” rating in a research note on Thursday, December 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $22.00.
The company has a market cap of $543.83, a PE ratio of 31.49, a PEG ratio of 0.98 and a beta of 0.13. The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59.
Duluth (NASDAQ:DLTH) last announced its earnings results on Tuesday, March 20th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Duluth had a net margin of 4.16% and a return on equity of 15.23%. The business had revenue of $217.80 million during the quarter, compared to analyst estimates of $208.70 million. During the same period in the previous year, the business posted $0.43 earnings per share. Duluth’s revenue for the quarter was up 24.7% on a year-over-year basis. research analysts anticipate that Duluth Holdings Inc will post 0.66 earnings per share for the current fiscal year.
In other Duluth news, Director William E. Ferry sold 20,200 shares of Duluth stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $17.34, for a total transaction of $350,268.00. Following the completion of the sale, the director now directly owns 2,032 shares in the company, valued at $35,234.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 70.38% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Duluth during the third quarter valued at approximately $158,000. Millennium Management LLC bought a new stake in Duluth during the fourth quarter valued at approximately $224,000. Ironwood Investment Management LLC bought a new stake in Duluth during the fourth quarter valued at approximately $683,000. Alexandria Capital LLC bought a new stake in Duluth during the fourth quarter valued at approximately $1,301,000. Finally, Geode Capital Management LLC lifted its position in Duluth by 34.0% during the fourth quarter. Geode Capital Management LLC now owns 108,113 shares of the company’s stock valued at $1,929,000 after purchasing an additional 27,458 shares during the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.
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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