BMO Capital Thinks Duluth Holdings Inc’s Stock is Going to Recover

By Ryan Adsit

In a report released yesterday, John Morris from BMO Capital reiterated a Buy rating on Duluth Holdings Inc (NASDAQ: DLTH), with a price target of $30. The company’s shares closed yesterday at $18.74, close to its 52-week low of $17.02.

According to TipRanks.com, Morris is a 1-star analyst with an average return of -2.2% and a 48.8% success rate. Morris covers the Services sector, focusing on stocks such as Abercrombie Fitch, Burlington Stores, and Children’s Place.

Duluth Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $30.

Based on Duluth Holdings Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $67.01 million and quarterly net profit of $462K. In comparison, last year the company earned revenue of $140 million and had a net profit of $17.54 million.

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Duluth Holdings, Inc. engages in the brand of men and women casual wear, work wear and accessories sold through its own channels. It also offers products, such as Long tail T-shirts, Buck Naked underwear, and Fire Hose. It operates through Direct and Retail segments. The Direct segment includes net sales from its website and catalogs. The Retail segment includes net sales from its retail and outlet stores. The company was founded by Stephen L. Schlecht in 1989 and is headquartered in Belleville. WI.