Duluth (DLTH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a research note released on Thursday, January 4th.

According to Zacks, “Duluth Holdings Inc. provides casual wear, workwear and accessories for men and women. The company markets its products under trademarks, trade names and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Buck Naked, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt and Wild Boar Mocs. Duluth Holdings Inc. is headquartered in Belleville, Wisconsin. “

A number of other research firms have also weighed in on DLTH. Robert W. Baird reiterated a buy rating on shares of Duluth in a research note on Friday, September 8th. DA Davidson set a $25.00 price objective on Duluth and gave the company a buy rating in a research note on Monday, November 27th. Raymond James Financial reiterated a hold rating on shares of Duluth in a research note on Thursday, December 7th. BidaskClub upgraded Duluth from a sell rating to a hold rating in a research note on Wednesday, December 20th. Finally, BMO Capital Markets set a $18.00 price objective on Duluth and gave the company a hold rating in a research note on Thursday, December 7th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $22.43.

Shares of Duluth (NASDAQ DLTH) traded down $0.11 on Thursday, reaching $17.88. The company’s stock had a trading volume of 261,859 shares, compared to its average volume of 314,067. Duluth has a 12 month low of $15.13 and a 12 month high of $26.38. The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The firm has a market cap of $583.65 and a PE ratio of 32.51.

Duluth (NASDAQ:DLTH) last issued its quarterly 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 return on equity of 15.23% and a net margin of 4.16%. The firm had revenue of $83.70 million for the quarter, compared to analyst estimates of $84.01 million. During the same period in the prior year, the firm posted $0.01 EPS. The business’s revenue was up 24.9% compared to the same quarter last year. equities research analysts predict that Duluth will post 0.67 EPS for the current fiscal year.

In related news, SVP Allen L. Dittrich sold 15,000 shares of Duluth stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $19.65, for a total value of $294,750.00. Following the completion of the transaction, the senior vice president now owns 226,221 shares in the company, valued at approximately $4,445,242.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William E. Ferry sold 28,400 shares of Duluth stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $18.88, for a total value of $536,192.00. Following the completion of the transaction, the director now owns 2,032 shares of the company’s stock, valued at approximately $38,364.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,800 shares of company stock valued at $1,672,470. 70.38% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in DLTH. JPMorgan Chase & Co. purchased a new position in shares of Duluth in the 3rd quarter valued at about $158,000. Rhumbline Advisers increased its stake in shares of Duluth by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock valued at $192,000 after purchasing an additional 885 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Duluth in the 2nd quarter valued at about $242,000. Mesirow Financial Investment Management Inc. purchased a new stake in Duluth during the 2nd quarter worth approximately $360,000. Finally, TIAA CREF Investment Management LLC increased its stake in Duluth by 5.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,115 shares of the company’s stock worth $476,000 after buying an additional 1,397 shares in the last quarter. Hedge funds and other institutional investors own 37.37% of the company’s stock.

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About Duluth

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.

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