ValuEngine lowered shares of Duluth (NASDAQ:DLTH) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other equities research analysts also recently weighed in on DLTH. Robert W. Baird reiterated a buy rating and issued a $30.00 target price on shares of Duluth in a report on Thursday, August 9th. BidaskClub upgraded Duluth from a buy rating to a strong-buy rating in a report on Wednesday, August 15th. DA Davidson lifted their target price on Duluth to $38.00 and gave the stock a buy rating in a report on Thursday, September 6th. Stifel Nicolaus lifted their target price on Duluth from $26.00 to $29.00 and gave the stock a hold rating in a report on Thursday, September 6th. Finally, Zacks Investment Research upgraded Duluth from a hold rating to a buy rating and set a $38.00 target price for the company in a report on Thursday, September 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $31.75.

DLTH stock traded down $6.03 during mid-day trading on Friday, reaching $24.34. The company’s stock had a trading volume of 443,677 shares, compared to its average volume of 188,448. The company has a market cap of $887.39 million, a P/E ratio of 36.32, a PEG ratio of 1.82 and a beta of 0.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 2.73. Duluth has a 12 month low of $15.13 and a 12 month high of $35.67.

Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, December 6th. The company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The business had revenue of $106.70 million during the quarter, compared to the consensus estimate of $104.68 million. Duluth had a return on equity of 14.28% and a net margin of 4.12%. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, research analysts predict that Duluth will post 0.83 earnings per share for the current year.

In related news, SVP Allen L. Dittrich sold 5,000 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $31.39, for a total transaction of $156,950.00. Following the completion of the sale, the senior vice president now owns 187,186 shares in the company, valued at $5,875,768.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie L. Pugliese sold 25,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $32.51, for a total value of $812,750.00. Following the sale, the insider now owns 770,032 shares of the company’s stock, valued at approximately $25,033,740.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,830 shares of company stock valued at $1,768,369. Corporate insiders own 70.38% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Duluth during the second quarter worth $205,000. Rhumbline Advisers purchased a new position in Duluth in the third quarter worth $229,000. Oppenheimer & Co. Inc. purchased a new position in Duluth in the third quarter worth $263,000. BlueMountain Capital Management LLC purchased a new position in Duluth in the third quarter worth $372,000. Finally, Sterling Capital Management LLC purchased a new position in Duluth in the second quarter worth $504,000. Institutional investors and hedge funds own 39.85% 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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