Duluth (NASDAQ:DLTH) Upgraded by StockNews.com to “Buy”

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 issued to investors on Wednesday.

Duluth Trading Up 0.8 %

Shares of DLTH opened at $3.84 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63. Duluth has a fifty-two week low of $3.09 and a fifty-two week high of $5.82. The firm has a 50 day moving average price of $3.65 and a 200-day moving average price of $3.94. The firm has a market cap of $121.61 million, a price-to-earnings ratio of -8.35 and a beta of 1.34.

Duluth (NASDAQ:DLTH – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.10. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. The business had revenue of $141.62 million during the quarter, compared to analyst estimates of $132.30 million. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, equities research analysts forecast that Duluth will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Duluth in the second quarter valued at about $226,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Duluth in the second quarter worth about $72,000. Squarepoint Ops LLC purchased a new position in Duluth during the 2nd quarter valued at about $138,000. Marshall Wace LLP bought a new position in Duluth during the 2nd quarter valued at approximately $432,000. Finally, Yarger Wealth Strategies LLC bought a new position in Duluth during the 2nd quarter valued at approximately $53,000. 24.39% of the stock is currently owned by institutional investors.

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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