Duluth (NASDAQ:DLTH) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Monday.

A number of other analysts also recently commented on DLTH. Zacks Investment Research downgraded shares of Duluth from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Stifel Nicolaus increased their price objective on shares of Duluth from $26.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, September 6th. BidaskClub upgraded shares of Duluth from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. ValuEngine downgraded shares of Duluth from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, DA Davidson increased their price objective on shares of Duluth to $38.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Duluth presently has a consensus rating of “Buy” and an average target price of $29.00.

DLTH stock opened at $27.33 on Monday. The stock has a market capitalization of $873.51 million, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 1.78 and a beta of 0.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.73 and a quick ratio of 0.33. Duluth has a 12 month low of $15.13 and a 12 month high of $35.67.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $110.65 million during the quarter, compared to the consensus estimate of $106.56 million. Duluth had a net margin of 4.76% and a return on equity of 16.57%. Duluth’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. On average, sell-side analysts expect that Duluth will post 0.84 earnings per share for the current year.

In other news, SVP Allen L. Dittrich sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $28.97, for a total transaction of $115,880.00. Following the completion of the sale, the senior vice president now owns 192,186 shares in the company, valued at approximately $5,567,628.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas Wenstrand sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $28.35, for a total transaction of $198,450.00. Following the sale, the insider now owns 30,380 shares of the company’s stock, valued at approximately $861,273. The disclosure for this sale can be found here. Insiders have sold a total of 55,830 shares of company stock valued at $1,726,349 in the last 90 days. Insiders own 74.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DLTH. Jane Street Group LLC acquired a new stake in shares of Duluth during the 2nd quarter worth approximately $205,000. Rhumbline Advisers acquired a new stake in shares of Duluth during the 3rd quarter worth approximately $229,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Duluth during the 3rd quarter worth approximately $263,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 worth $309,000 after buying an additional 3,692 shares during the last quarter. Finally, Perkins Capital Management Inc. acquired a new stake in shares of Duluth during the 2nd quarter worth approximately $321,000. Institutional investors and hedge funds own 41.34% of the company’s stock.

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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Analyst Recommendations for Duluth (NASDAQ:DLTH)

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