Duluth (NASDAQ:DLTH) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Duluth (NASDAQ:DLTH) from a hold rating to a sell rating in a report released on Wednesday, Zacks.com reports.

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. “

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus reduced their price objective on Duluth from $11.00 to $9.00 and set a hold rating on the stock in a research note on Tuesday, December 3rd. ValuEngine upgraded shares of Duluth from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, BidaskClub raised shares of Duluth from a sell rating to a hold rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $16.23.

Shares of NASDAQ DLTH opened at $9.47 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 1.93 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $9.21 and its two-hundred day moving average price is $11.18. Duluth has a 52-week low of $7.51 and a 52-week high of $29.78. The stock has a market capitalization of $278.12 million, a P/E ratio of 13.15 and a beta of 0.31.

Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, December 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.06. Duluth had a return on equity of 7.90% and a net margin of 2.02%. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $114.98 million. During the same quarter last year, the firm earned ($0.10) EPS. The business’s revenue was up 12.3% on a year-over-year basis. On average, analysts anticipate that Duluth will post 0.61 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of Duluth by 63.9% in the 2nd quarter. Advisor Group Inc. now owns 2,569 shares of the company’s stock worth $35,000 after purchasing an additional 1,002 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Duluth during the 2nd quarter worth $34,000. State Street Corp grew its stake in Duluth by 1.9% during the 3rd quarter. State Street Corp now owns 192,230 shares of the company’s stock worth $1,630,000 after buying an additional 3,588 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Duluth by 221.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,964 shares of the company’s stock worth $108,000 after buying an additional 5,483 shares during the period. Finally, TD Asset Management Inc. increased its position in Duluth by 6.1% in the second quarter. TD Asset Management Inc. now owns 102,707 shares of the company’s stock worth $1,396,000 after buying an additional 5,907 shares during the period. 40.02% of the stock is owned by institutional investors.

About Duluth

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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