Duluth Holdings Inc. (NASDAQ:DLTH) Given Buy Rating at Wunderlich

Wunderlich reiterated their buy rating on shares of Duluth Holdings Inc. (NASDAQ:DLTH) in a report issued on Thursday morning. Wunderlich currently has a $26.00 target price on the stock.

“We are reiterating our Outperform rating and $26 price target and estimates (by back end loading FY18 even more) after meeting with Duluth management at their headquarters in Mt. Horeb, WI. We believe the company remains highly focused on new store growth and creating the right omnichannel environment to leverage a growing store base; we applaud management for taking the correct steps now, before the store channel becomes unwieldy. Further, we believe new innovative offerings continue to drive sales and margins. That said, we understand that until there is some normalization in terms of store opening flows, near term results will be choppy; we look to 2HFY18 for the company to emphatically demonstrate the wisdom of adding stores.”,” the firm’s analyst wrote.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Duluth Holdings from a hold rating to a sell rating in a research note on Thursday, June 8th. BMO Capital Markets set a $30.00 target price on shares of Duluth Holdings and gave the stock a buy rating in a research note on Tuesday, June 6th. Stifel Nicolaus reduced their target price on shares of Duluth Holdings from $21.00 to $20.00 and set a hold rating for the company in a research note on Wednesday, June 7th. Robert W. Baird reduced their target price on shares of Duluth Holdings from $30.00 to $25.00 and set an outperform rating for the company in a research note on Friday, June 9th. Finally, FBR & Co reiterated an outperform rating and issued a $26.00 target price on shares of Duluth Holdings in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $27.63.

Shares of Duluth Holdings (NASDAQ DLTH) traded up 1.83% during mid-day trading on Thursday, reaching $19.48. 270,345 shares of the company’s stock were exchanged. The company has a market cap of $632.20 million, a PE ratio of 34.18 and a beta of 0.15. Duluth Holdings has a 52-week low of $16.01 and a 52-week high of $38.19. The company’s 50-day moving average price is $18.04 and its 200 day moving average price is $20.78.

Duluth Holdings (NASDAQ:DLTH) last posted its earnings results on Tuesday, June 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Duluth Holdings had a return on equity of 17.31% and a net margin of 4.71%. The firm had revenue of $83.70 million during the quarter, compared to the consensus estimate of $82.94 million. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that Duluth Holdings will post $0.69 EPS for the current year.

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In related news, Director E David Coolidge III purchased 15,000 shares of Duluth Holdings stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $17.25 per share, for a total transaction of $258,750.00. Following the completion of the transaction, the director now owns 5,365 shares in the company, valued at $92,546.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William E. Ferry sold 12,000 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $21.77, for a total transaction of $261,240.00. Following the transaction, the director now owns 3,333 shares of the company’s stock, valued at approximately $72,559.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,000 shares of company stock valued at $709,800. 70.38% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Duluth Holdings by 8.4% in the fourth quarter. State Street Corp now owns 151,618 shares of the company’s stock valued at $3,855,000 after buying an additional 11,689 shares during the last quarter. Teachers Advisors LLC increased its stake in Duluth Holdings by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 17,524 shares of the company’s stock valued at $445,000 after buying an additional 980 shares during the period. Gradient Investments LLC acquired a new stake in Duluth Holdings during the first quarter valued at approximately $323,000. Campbell Newman Asset Management Inc. increased its stake in Duluth Holdings by 13.6% in the first quarter. Campbell Newman Asset Management Inc. now owns 10,298 shares of the company’s stock valued at $219,000 after buying an additional 1,236 shares during the period. Finally, Skylands Capital LLC increased its stake in Duluth Holdings by 140.0% in the first quarter. Skylands Capital LLC now owns 60,000 shares of the company’s stock valued at $1,277,000 after buying an additional 35,000 shares during the period. Institutional investors own 31.50% of the company’s stock.

About Duluth Holdings

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.