BidaskClub Upgrades Duluth (DLTH) to “Hold”

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.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The company had revenue of $83.70 million for the quarter, compared to analyst estimates of $84.01 million. During the same period in the previous year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. research analysts expect that Duluth will post 0.67 EPS for the current fiscal year.

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.

Analyst Recommendations for Duluth (NASDAQ:DLTH)

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