Duluth (DLTH) Rating Increased to B at TheStreet

TheStreet upgraded shares of Duluth (NASDAQ:DLTH) from a c+ rating to a b rating in a research report sent to investors on Monday.

Several other brokerages also recently commented on DLTH. DA Davidson raised their target price on Duluth to $38.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Stifel Nicolaus raised their target price on Duluth from $26.00 to $29.00 and gave the stock a hold rating in a research note on Thursday, September 6th. Zacks Investment Research downgraded Duluth from a buy rating to a hold rating in a research note on Tuesday, November 6th. Robert W. Baird downgraded Duluth from an outperform rating to a neutral rating and set a $22.00 target price for the company. in a research note on Thursday, August 23rd. Finally, BidaskClub upgraded Duluth from a buy rating to a strong-buy rating in a research note on Wednesday, August 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $29.00.

Shares of NASDAQ DLTH opened at $26.89 on Monday. Duluth has a 52 week low of $15.13 and a 52 week high of $35.67. The company has a quick ratio of 0.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $798.70 million, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.63 and a beta of 0.17.

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

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

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Duluth during the 2nd quarter valued at about $205,000. Rhumbline Advisers bought a new stake in shares of Duluth during the 3rd quarter valued at about $229,000. Oppenheimer & Co. Inc. bought a new stake in shares of Duluth during the 3rd quarter valued at about $263,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Duluth by 39.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,999 shares of the company’s stock valued at $309,000 after acquiring an additional 3,692 shares during the last quarter. Finally, Perkins Capital Management Inc. bought a new stake in shares of Duluth during the 2nd quarter valued at about $321,000. Hedge funds and other institutional investors own 41.34% of the company’s stock.

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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Analyst Recommendations for Duluth (NASDAQ:DLTH)

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