Duluth (NASDAQ:DLTH) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other research analysts have also weighed in on the company. Weiss Ratings upgraded Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Wall Street Zen upgraded Duluth to a “hold” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.00.

Duluth Stock Up 5.3%

NASDAQ:DLTH opened at $4.77 on Wednesday. Duluth has a 12-month low of $1.82 and a 12-month high of $4.94. The company has a quick ratio of 0.38, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $175.35 million, a P/E ratio of -14.91 and a beta of 1.45. The stock’s fifty day simple moving average is $3.43 and its 200-day simple moving average is $2.82.

Duluth (NASDAQ:DLTH) last posted its earnings results on Monday, June 8th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.19. The firm had revenue of $98.59 million for the quarter, compared to analyst estimates of $93.69 million. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%. Equities research analysts expect that Duluth will post -0.26 earnings per share for the current year.

Institutional Trading of Duluth

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of Duluth in the 4th quarter valued at about $52,000. Taylor & Morgan Wealth Management LLC raised its stake in shares of Duluth by 29.2% in the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock valued at $64,000 after purchasing an additional 7,000 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Duluth in the 3rd quarter valued at about $85,000. Barclays PLC raised its stake in shares of Duluth by 32.2% in the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Duluth in the 3rd quarter valued at about $140,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

About Duluth

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.