Duluth (NASDAQ:DLTH) Raised to Buy at Wall Street Zen

Duluth (NASDAQ:DLTH) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts also recently commented on the company. Zacks Research downgraded Duluth from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Robert W. Baird cut Duluth from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Friday, September 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Duluth in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Duluth has an average rating of “Hold” and a consensus price target of $5.00.

Duluth Stock Performance

NASDAQ:DLTH opened at $4.65 on Friday. The business has a 50 day moving average of $4.11 and a 200 day moving average of $3.61. The company has a market capitalization of $176.75 million, a price-to-earnings ratio of 33.21 and a beta of 1.38. Duluth has a 1-year low of $2.02 and a 1-year high of $5.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 0.59.

Duluth (NASDAQ:DLTH) last issued its earnings results on Thursday, September 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.51. Duluth had a negative return on equity of 3.03% and a net margin of 1.07%.The business had revenue of $121.39 million during the quarter, compared to analyst estimates of $119.91 million. On average, sell-side analysts predict that Duluth will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duluth

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Duluth by 50.8% in the first quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company’s stock valued at $152,000 after acquiring an additional 29,521 shares in the last quarter. Empowered Funds LLC increased its position in Duluth by 9.3% during the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after purchasing an additional 8,597 shares during the period. Blair William & Co. IL raised its holdings in Duluth by 17.2% in the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock worth $444,000 after purchasing an additional 16,678 shares in the last quarter. Squarepoint Ops LLC bought a new position in Duluth in the 3rd quarter worth $85,000. Finally, Barclays PLC lifted its position in shares of Duluth by 32.2% in the 4th quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after purchasing an additional 14,136 shares during the period. Institutional investors own 24.39% of the company’s stock.

Key Headlines Impacting Duluth

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Duluth Holdings previously reported quarterly EPS of $0.50, substantially above the $0.01 loss analysts expected, while revenue of $121.4 million also exceeded consensus estimates. The earnings surprise may continue to support investor sentiment, although the company’s full-year outlook remains modest.
• Neutral Sentiment: A supplied short-interest update reports zero shares sold short and a zero-day short-interest ratio as of September 10. Because the figures also describe this as a “significant increase” and show an undefined percentage change, the data appears inconsistent and provides no reliable short-covering or bearish signal.
• Neutral Sentiment: The remaining headlines concern events and activities in Duluth, Minnesota—including a robotics company’s new location, Gourd Days, local sports, civic commentary, and community events. They do not appear related to Duluth Holdings’ operations, financial performance, or outlook and are unlikely to materially affect DLTH.

Duluth Company Profile

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.