Duluth (NASDAQ:DLTH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

DLTH has been the topic of a number of other research reports. Robert W. Baird cut Duluth from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research report on Friday, September 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Duluth in a research note on Friday, September 4th. Finally, Zacks Research lowered Duluth from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.00.

Duluth Trading Down 3.2%

NASDAQ DLTH opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 0.59. The firm’s fifty day moving average price is $4.11 and its 200 day moving average price is $3.63. The company has a market capitalization of $171.04 million, a price-to-earnings ratio of 32.14 and a beta of 1.38. Duluth has a 12 month low of $2.02 and a 12 month high of $5.09.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.51. Duluth had a net margin of 1.07% and a negative return on equity of 3.03%. The firm had revenue of $121.39 million during the quarter, compared to analysts’ expectations of $119.91 million. On average, sell-side analysts expect that Duluth will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in shares of Duluth in the 2nd quarter valued at approximately $108,000. Yarger Wealth Strategies LLC grew its holdings in Duluth by 131.3% during the second quarter. Yarger Wealth Strategies LLC now owns 74,973 shares of the company’s stock worth $336,000 after acquiring an additional 42,554 shares during the period. AXQ Capital LP acquired a new position in Duluth during the second quarter worth $47,000. Madison Asset Management LLC purchased a new position in Duluth in the second quarter worth $3,417,000. Finally, Tieton Capital Management LLC purchased a new position in Duluth in the second quarter worth $3,255,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

About Duluth

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.