Duluth (NASDAQ:DLTH) Trading 6.4% Higher

Duluth Holdings Inc (NASDAQ:DLTH) shares traded up 6.4% on Friday . The company traded as high as $13.78 and last traded at $13.64, 1,270,827 shares traded hands during trading. An increase of 229% from the average session volume of 386,167 shares. The stock had previously closed at $12.82.

A number of equities research analysts recently weighed in on the stock. William Blair lowered shares of Duluth from an “outperform” rating to a “market perform” rating and set a $18.90 price objective for the company. in a report on Friday, April 5th. ValuEngine lowered shares of USD Partners from a “hold” rating to a “sell” rating in a report on Friday, June 14th. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th. DA Davidson reduced their price target on shares of Broadcom to $300.00 and set a “buy” rating for the company in a report on Friday, June 14th. Finally, BidaskClub lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.58.

The company has a current ratio of 2.01, a quick ratio of 0.35 and a debt-to-equity ratio of 1.30. The firm has a market cap of $386.99 million, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.71 and a beta of 0.19. The firm’s fifty day moving average price is $14.44.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, June 13th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). Duluth had a return on equity of 10.97% and a net margin of 2.82%. The firm had revenue of $114.24 million during the quarter, compared to analysts’ expectations of $114.08 million. During the same period in the previous year, the firm earned ($0.02) EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that Duluth Holdings Inc will post 0.72 earnings per share for the current year.

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

Several institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new stake in Duluth during the 1st quarter worth approximately $8,370,000. Oak Ridge Investments LLC grew its position in Duluth by 37.8% during the 1st quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock worth $12,079,000 after purchasing an additional 139,110 shares during the last quarter. Wasatch Advisors Inc. grew its position in Duluth by 107.8% during the 1st quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock worth $5,995,000 after purchasing an additional 130,467 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Duluth by 502.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 53,469 shares of the company’s stock worth $1,349,000 after purchasing an additional 44,595 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Duluth during the 1st quarter worth approximately $366,000. 42.06% of the stock is currently owned by hedge funds and other institutional investors.

Duluth Company Profile (NASDAQ:DLTH)

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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