Duluth (DLTH) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Duluth (NASDAQ:DLTH) from a buy rating to a hold rating in a research note published on Tuesday morning.

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. “

A number of other analysts have also recently weighed in on DLTH. BidaskClub cut Duluth from a strong-buy rating to a buy rating in a research note on Tuesday, July 10th. Stifel Nicolaus raised their price target on Duluth from $26.00 to $29.00 and gave the company a hold rating in a research note on Thursday, September 6th. ValuEngine cut Duluth from a buy rating to a hold rating in a research note on Thursday, August 2nd. DA Davidson raised their price target on Duluth to $38.00 and gave the company a buy rating in a research note on Thursday, September 6th. Finally, Robert W. Baird cut Duluth from an outperform rating to a neutral rating and set a $22.00 price target on the stock. in a research note on Thursday, August 23rd. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Duluth presently has an average rating of Buy and an average price target of $29.00.

Shares of NASDAQ DLTH traded up $0.12 during mid-day trading on Tuesday, hitting $31.13. The company had a trading volume of 183,879 shares, compared to its average volume of 179,134. The stock has a market cap of $908.29 million, a P/E ratio of 46.46, a PEG ratio of 1.85 and a beta of 0.17. The company has a current ratio of 2.73, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. Duluth has a 1-year low of $15.13 and a 1-year high of $35.67.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $110.65 million for the quarter, compared to analysts’ expectations of $106.56 million. Duluth had a return on equity of 16.57% and a net margin of 4.76%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Duluth will post 0.84 EPS for the current fiscal year.

In other Duluth news, SVP Allen L. Dittrich sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $28.97, for a total transaction of $115,880.00. Following the transaction, the senior vice president now owns 192,186 shares of the company’s stock, valued at $5,567,628.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Thomas Wenstrand sold 7,000 shares of the firm’s stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $28.35, for a total value of $198,450.00. Following the transaction, the insider now directly owns 30,380 shares in the company, valued at approximately $861,273. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,830 shares of company stock worth $1,726,349. 70.38% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers purchased a new position in shares of Duluth during the third quarter worth about $229,000. Oppenheimer & Co. Inc. purchased a new position in shares of Duluth during the third quarter worth about $263,000. Jane Street Group LLC purchased a new position in shares of Duluth during the second quarter worth about $205,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Duluth by 39.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock worth $309,000 after purchasing an additional 3,692 shares during the last quarter. Finally, Perkins Capital Management Inc. purchased a new position in shares of Duluth during the second quarter worth about $321,000. 43.01% of the stock is currently owned by 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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