Duluth (NASDAQ:DLTH) Raised to “Buy” at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Duluth (NASDAQ:DLTH – Free Report) from a hold rating to a buy rating in a research note released on Monday.

Duluth Stock Up 0.8 %

DLTH stock opened at $3.74 on Monday. Duluth has a 1 year low of $3.09 and a 1 year high of $5.82. The company has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $4.00. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The firm has a market cap of $118.56 million, a PE ratio of -9.12 and a beta of 1.34.

Duluth (NASDAQ:DLTH – Get Free Report) last released its earnings results on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.10. The firm had revenue of $141.62 million during the quarter, compared to analysts’ expectations of $132.30 million. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. During the same period in the prior year, the company earned ($0.06) EPS. Sell-side analysts anticipate that Duluth will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Duluth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Taylor & Morgan Wealth Management LLC raised its position in Duluth by 25.0% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock valued at $74,000 after purchasing an additional 4,000 shares during the last quarter. Empowered Funds LLC lifted its holdings in Duluth by 8.0% in the first quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock valued at $382,000 after buying an additional 5,775 shares during the period. International Assets Investment Management LLC bought a new position in Duluth in the second quarter valued at approximately $38,000. Yarger Wealth Strategies LLC bought a new position in Duluth in the second quarter valued at approximately $53,000. Finally, Virtu Financial LLC acquired a new stake in Duluth during the 1st quarter worth $73,000. Institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

(Get Free Report)

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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