BidaskClub upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a report issued on Tuesday, February 13th.
A number of other analysts also recently weighed in on the stock. Robert W. Baird reissued a buy rating and set a $26.00 price target on shares of Duluth in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Duluth from a hold rating to a sell rating in a report on Monday, December 11th. BMO Capital Markets downgraded shares of Duluth from an outperform rating to a market perform rating in a report on Wednesday, November 1st. DA Davidson set a $25.00 price objective on shares of Duluth and gave the stock a buy rating in a report on Monday, November 27th. Finally, Raymond James Financial reaffirmed a hold rating on shares of Duluth in a report on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $22.00.
Shares of Duluth (NASDAQ DLTH) opened at $17.45 on Tuesday. Duluth has a 1 year low of $15.13 and a 1 year high of $23.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 2.47. The firm has a market cap of $524.04, a P/E ratio of 32.31, a PEG ratio of 0.95 and a beta of -0.06.
In other news, SVP Allen L. Dittrich sold 15,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.86, for a total transaction of $282,900.00. Following the completion of the transaction, the senior vice president now owns 211,221 shares of the company’s stock, valued at $3,983,628.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William E. Ferry sold 20,200 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $17.34, for a total transaction of $350,268.00. Following the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $35,234.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,600 shares of company stock valued at $1,169,360. Corporate insiders own 70.38% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in DLTH. Avenir Corp acquired a new position in shares of Duluth during the fourth quarter valued at $7,589,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Duluth during the third quarter valued at $6,696,000. Disciplined Growth Investors Inc. MN acquired a new position in shares of Duluth during the third quarter valued at $6,275,000. Franklin Resources Inc. raised its stake in shares of Duluth by 14.7% during the fourth quarter. Franklin Resources Inc. now owns 1,712,746 shares of the company’s stock valued at $30,572,000 after purchasing an additional 219,671 shares in the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in shares of Duluth during the third quarter valued at about $3,548,000. 40.66% of the stock is owned by institutional investors.
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Duluth Company Profile
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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