Duluth (NASDAQ:DLTH) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday, BidAskClub reports.

DLTH has been the topic of a number of other reports. ValuEngine lowered shares of Duluth from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. DA Davidson upped their target price on Duluth to $15.00 and gave the company a “neutral” rating in a report on Friday, June 14th. Stifel Nicolaus decreased their price objective on Duluth from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, Zacks Investment Research downgraded Duluth from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.73.

Duluth stock opened at $9.81 on Wednesday. Duluth has a 52-week low of $8.36 and a 52-week high of $32.97. The company has a market cap of $308.87 million, a price-to-earnings ratio of 13.63, a PEG ratio of 0.60 and a beta of 0.30. The company has a quick ratio of 0.35, a current ratio of 2.01 and a debt-to-equity ratio of 1.30. The firm’s fifty day moving average is $10.50 and its 200 day moving average is $15.74.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, September 12th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $121.96 million during the quarter, compared to the consensus estimate of $127.33 million. Duluth had a net margin of 2.82% and a return on equity of 10.97%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. On average, equities research analysts anticipate that Duluth will post 0.71 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in Duluth by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,083,879 shares of the company’s stock worth $14,730,000 after buying an additional 5,957 shares during the period. BlackRock Inc. grew its holdings in Duluth by 18.1% during the second quarter. BlackRock Inc. now owns 756,783 shares of the company’s stock worth $10,285,000 after purchasing an additional 116,235 shares during the period. Vanguard Group Inc. lifted its position in Duluth by 15.1% during the second quarter. Vanguard Group Inc. now owns 607,902 shares of the company’s stock worth $8,261,000 after acquiring an additional 79,550 shares during the last quarter. Oak Ridge Investments LLC raised its position in shares of Duluth by 37.8% in the first quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock valued at $12,079,000 after buying an additional 139,110 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Duluth during the second quarter valued at approximately $6,752,000. Hedge funds and other institutional investors own 39.31% 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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