BidaskClub upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a research report sent to investors on Monday, BidAskClub reports.
A number of other research firms also recently issued reports on DLTH. William Blair downgraded shares of Duluth from an outperform rating to a market perform rating and set a $18.90 price objective for the company. in a report on Friday, April 5th. ValuEngine raised shares of Duluth from a hold rating to a buy rating in a report on Tuesday, February 12th. Robert W. Baird raised shares of Duluth from a neutral rating to an outperform rating and set a $22.00 price objective for the company in a report on Tuesday, May 7th. Zacks Investment Research raised shares of Duluth from a sell rating to a hold rating in a report on Wednesday, February 27th. Finally, TheStreet downgraded shares of Duluth from a b- rating to a c+ rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $25.38.
Shares of DLTH stock opened at $14.90 on Monday. The stock has a market cap of $441.38 million, a P/E ratio of 20.69, a P/E/G ratio of 0.79 and a beta of 0.33. The company has a quick ratio of 0.39, a current ratio of 2.25 and a debt-to-equity ratio of 0.43. Duluth has a 52 week low of $14.59 and a 52 week high of $35.67.
Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, June 13th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.01). The company had revenue of $114.24 million for the quarter, compared to the consensus estimate of $114.08 million. Duluth had a return on equity of 15.90% and a net margin of 4.10%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. On average, research analysts forecast that Duluth will post 0.76 EPS for the current year.
In other Duluth news, COO Allen L. Dittrich sold 6,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $14.94, for a total value of $89,640.00. Following the completion of the sale, the chief operating officer now owns 173,712 shares of the company’s stock, valued at approximately $2,595,257.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLTH. BNP Paribas Arbitrage SA raised its position in shares of Duluth by 4,431.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock valued at $41,000 after buying an additional 1,684 shares in the last quarter. Legal & General Group Plc raised its position in shares of Duluth by 37.9% in the 4th quarter. Legal & General Group Plc now owns 1,801 shares of the company’s stock valued at $45,000 after buying an additional 495 shares in the last quarter. Advisor Group Inc. raised its position in shares of Duluth by 219.9% in the 4th quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock valued at $46,000 after buying an additional 1,249 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Duluth in the 1st quarter valued at approximately $48,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Duluth by 298.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock valued at $78,000 after buying an additional 2,385 shares in the last quarter. 42.22% of the stock is owned by hedge funds and other institutional investors.
Duluth Company Profile
Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.
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