Duluth (DLTH) Earning Somewhat Favorable Press Coverage, Study Finds

Media stories about Duluth (NASDAQ:DLTH) have trended somewhat positive on Friday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Duluth earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.868726682108 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several brokerages have recently weighed in on DLTH. DA Davidson set a $25.00 price target on shares of Duluth and gave the company a “buy” rating in a research report on Monday, November 27th. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of Duluth in a research report on Friday, December 8th. Raymond James Financial reissued a “hold” rating on shares of Duluth in a research report on Thursday, December 7th. BidaskClub raised shares of Duluth from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, BMO Capital Markets set a $18.00 price target on shares of Duluth and gave the company a “hold” rating in a research report on Thursday, December 7th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Duluth presently has a consensus rating of “Buy” and a consensus target price of $22.43.

Duluth (NASDAQ:DLTH) traded down $0.11 during midday trading on Friday, reaching $17.88. 284,600 shares of the company’s stock were exchanged, compared to its average volume of 314,063. Duluth has a 52 week low of $15.13 and a 52 week high of $26.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. The firm has a market capitalization of $575.51 and a PE ratio of 32.51.

Duluth (NASDAQ:DLTH) last posted its earnings results on Thursday, December 7th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). Duluth had a net margin of 4.16% and a return on equity of 15.23%. The company had revenue of $83.70 million during the quarter, compared to analyst estimates of $84.01 million. During the same period in the previous year, the company earned $0.01 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. equities research analysts anticipate that Duluth will post 0.67 EPS for the current fiscal year.

In other Duluth news, SVP Allen L. Dittrich sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total value of $294,750.00. Following the transaction, the senior vice president now owns 226,221 shares of the company’s stock, valued at $4,445,242.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William E. Ferry sold 28,400 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $19.67, for a total transaction of $558,628.00. Following the completion of the transaction, the director now directly owns 2,032 shares in the company, valued at approximately $39,969.44. The disclosure for this sale can be found here. Insiders sold 86,800 shares of company stock worth $1,672,470 in the last ninety days. 70.38% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Duluth (NASDAQ:DLTH)

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