Duluth (DLTH) Rating Lowered to D+ at TheStreet

Duluth (NASDAQ:DLTH) was downgraded by investment analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Duluth from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of Duluth in a report on Friday, December 8th. Stifel Nicolaus decreased their price target on shares of Duluth from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, December 8th. Raymond James Financial reissued a “hold” rating on shares of Duluth in a report on Thursday, December 7th. Finally, BMO Capital Markets set a $18.00 price target on shares of Duluth and gave the stock a “hold” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.43.

Duluth (NASDAQ DLTH) opened at $15.73 on Thursday. The company has a market cap of $442.57, a price-to-earnings ratio of 28.17, a PEG ratio of 1.13 and a beta of 0.03. Duluth has a twelve month low of $15.13 and a twelve month high of $27.56. The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, December 7th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). The company had revenue of $83.70 million during the quarter, compared to the consensus estimate of $84.01 million. Duluth had a return on equity of 15.23% and a net margin of 4.16%. Duluth’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. equities research analysts expect that Duluth will post 0.67 earnings per share for the current fiscal year.

In other Duluth news, SVP Allen L. Dittrich sold 15,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $19.65, for a total transaction of $294,750.00. Following the completion of the sale, the senior vice president now owns 226,221 shares of the company’s stock, valued at approximately $4,445,242.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William E. Ferry sold 28,400 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $20.10, for a total transaction of $570,840.00. Following the sale, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $40,843.20. The disclosure for this sale can be found here. Insiders have sold a total of 117,200 shares of company stock valued at $2,282,090 in the last three months. 70.38% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in Duluth by 24.9% during the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after buying an additional 158,489 shares during the period. Thrivent Financial For Lutherans boosted its position in Duluth by 13.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 574,407 shares of the company’s stock valued at $10,460,000 after buying an additional 68,400 shares during the period. Summit Creek Advisors LLC boosted its position in Duluth by 1.9% during the 3rd quarter. Summit Creek Advisors LLC now owns 542,557 shares of the company’s stock valued at $11,008,000 after buying an additional 9,905 shares during the period. Cooper Creek Partners Management LLC lifted its position in shares of Duluth by 351.0% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 538,325 shares of the company’s stock worth $9,803,000 after purchasing an additional 418,965 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Duluth by 10.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 494,003 shares of the company’s stock worth $10,024,000 after purchasing an additional 45,643 shares during the period. 37.48% of the stock is owned by institutional investors and hedge funds.

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About Duluth

Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.

Analyst Recommendations for Duluth (NASDAQ:DLTH)

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