BidaskClub Upgrades Duluth (DLTH) to “Hold”

BidaskClub upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a research note published on Wednesday, BidAskClub reports.

Several other equities analysts have also issued reports on the stock. DA Davidson raised shares of Duluth from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a report on Thursday, January 24th. They noted that the move was a valuation call. William Blair lowered shares of Duluth from an outperform rating to a market perform rating and set a $18.90 price objective on the stock. in a report on Friday, April 5th. ValuEngine lowered shares of Duluth from a buy rating to a hold rating in a report on Tuesday, January 22nd. TheStreet lowered shares of Duluth from a b- rating to a c+ rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research lowered shares of Duluth from a hold rating to a sell rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $25.38.

Shares of DLTH stock opened at $16.70 on Wednesday. The company has a market cap of $489.14 million, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 0.88 and a beta of 0.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 2.25. Duluth has a 52-week low of $15.72 and a 52-week high of $35.67.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings data on Thursday, April 4th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.11). The business had revenue of $250.54 million for the quarter, compared to analysts’ expectations of $258.16 million. Duluth had a net margin of 4.10% and a return on equity of 15.90%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. Sell-side analysts anticipate that Duluth will post 0.76 earnings per share for the current fiscal year.

In other Duluth news, COO Allen L. Dittrich sold 5,000 shares of Duluth stock in a transaction on Friday, March 1st. The shares were sold at an average price of $25.47, for a total value of $127,350.00. Following the transaction, the chief operating officer now directly owns 170,686 shares of the company’s stock, valued at $4,347,372.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 74.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLTH. William Blair Investment Management LLC purchased a new position in Duluth in the first quarter worth $8,370,000. Oak Ridge Investments LLC grew its holdings in Duluth by 37.8% in the first quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock worth $12,079,000 after purchasing an additional 139,110 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in Duluth by 107.8% in the first quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock worth $5,995,000 after purchasing an additional 130,467 shares during the last quarter. Castleark Management LLC purchased a new position in Duluth in the fourth quarter worth $2,743,000. Finally, Summit Creek Advisors LLC grew its holdings in Duluth by 25.2% in the fourth quarter. Summit Creek Advisors LLC now owns 407,337 shares of the company’s stock worth $10,277,000 after purchasing an additional 81,872 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

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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