Duluth Holdings Inc (DLTH) was Downgraded by Robert W. Baird to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $36 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on Duluth Holdings Inc. Company shares were Reiterated by Stifel on Sep 2, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $28 .
On the company’s financial health, Duluth Holdings Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $0.07. The company had revenue of $65.80 million for the quarter, compared to analysts expectations of $62.65 million. The company’s revenue was up 27.3% compared to the same quarter last year.
In a different news, on Nov 1, 2016, William E. Ferry (director) sold 4,180 shares at $26.97 per share price. According to the SEC, on Jun 23, 2016, Brenda I Morris (director) sold 6,250 shares at $25.55 per share price. On Jan 4, 2016, David Cole Finch (director) purchased 6,750 shares at $14.69 per share price, according to the Form-4 filing with the securities and exchange commission.
Duluth Holdings Inc. (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products such as Longtail T shirts Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail. The Company’s direct segment includes net sales from the Company’s Website and catalogs. The Company’s retail segment includes net sales from its retail and outlet stores. The Company offers products through its omni channel distribution network consisting of its Website catalogs and retail stores. Its retail stores are concentrated in the Midwest.