TheStreet Upgrades Duluth (DLTH) to “C-“

Duluth (NASDAQ:DLTH) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Wednesday.

Several other research firms have also issued reports on DLTH. Zacks Investment Research lowered shares of Duluth from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BidaskClub upgraded shares of Duluth from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Robert W. Baird decreased their price target on shares of Duluth from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 21st. Finally, Stifel Nicolaus restated a “hold” rating on shares of Duluth in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.86.

NASDAQ:DLTH traded down $0.27 during midday trading on Wednesday, reaching $19.83. The stock had a trading volume of 116,284 shares, compared to its average volume of 255,833. Duluth has a 1-year low of $15.13 and a 1-year high of $22.89. The company has a current ratio of 2.02, a quick ratio of 0.24 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $568.61, a PE ratio of 30.30, a PEG ratio of 1.18 and a beta of -0.09.

Duluth (NASDAQ:DLTH) last posted its earnings results on Tuesday, March 20th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Duluth had a net margin of 4.95% and a return on equity of 17.37%. The business had revenue of $217.80 million for the quarter, compared to analyst estimates of $208.70 million. During the same period last year, the business posted $0.43 EPS. Duluth’s revenue was up 24.7% compared to the same quarter last year. analysts anticipate that Duluth will post 0.83 EPS for the current fiscal year.

In related news, Director William E. Ferry sold 20,200 shares of Duluth stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $18.62, for a total transaction of $376,124.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Allen L. Dittrich sold 10,000 shares of Duluth stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $18.60, for a total transaction of $186,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,600 shares of company stock valued at $1,250,136 over the last ninety days. 70.38% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Duluth during the 3rd quarter worth approximately $6,275,000. Franklin Resources Inc. boosted its holdings in shares of Duluth by 14.7% in the fourth quarter. Franklin Resources Inc. now owns 1,712,746 shares of the company’s stock valued at $30,572,000 after buying an additional 219,671 shares during the period. Avenir Corp acquired a new position in shares of Duluth in the fourth quarter valued at approximately $7,589,000. Skylands Capital LLC boosted its holdings in shares of Duluth by 149.8% in the fourth quarter. Skylands Capital LLC now owns 251,600 shares of the company’s stock valued at $4,491,000 after buying an additional 150,896 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Duluth by 34.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 442,700 shares of the company’s stock valued at $7,902,000 after buying an additional 112,700 shares during the period. 43.00% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Duluth (NASDAQ:DLTH)

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