Duluth (DLTH) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a sell rating in a research note published on Saturday.

DLTH has been the subject of a number of other reports. Zacks Investment Research lowered Duluth from a buy rating to a hold rating in a research report on Tuesday, November 7th. Raymond James Financial reaffirmed a hold rating on shares of Duluth in a research report on Thursday, December 7th. BMO Capital Markets set a $18.00 target price on Duluth and gave the company a hold rating in a research report on Thursday, December 7th. Stifel Nicolaus decreased their target price on Duluth from $20.00 to $17.00 and set a hold rating for the company in a research report on Friday, December 8th. Finally, DA Davidson set a $25.00 target price on Duluth and gave the company a buy rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $22.00.

Duluth (NASDAQ:DLTH) opened at $16.57 on Friday. Duluth has a 1-year low of $15.13 and a 1-year high of $23.76. The company has a current ratio of 2.47, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $546.65 and a price-to-earnings ratio of 30.13.

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

In other news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.88, for a total value of $536,192.00. Following the completion of the transaction, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $38,364.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Allen L. Dittrich sold 15,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $18.86, for a total value of $282,900.00. Following the completion of the transaction, the senior vice president now directly owns 211,221 shares of the company’s stock, valued at $3,983,628.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,600 shares of company stock valued at $1,169,360. 70.38% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in shares of Duluth by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,942 shares of the company’s stock worth $600,000 after acquiring an additional 171 shares in the last quarter. Rhumbline Advisers raised its position in shares of Duluth by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 10,553 shares of the company’s stock worth $192,000 after acquiring an additional 885 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Duluth by 5.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 26,115 shares of the company’s stock worth $476,000 after acquiring an additional 1,397 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Duluth in the 3rd quarter worth $158,000. Finally, Dupont Capital Management Corp raised its position in shares of Duluth by 61.7% in the 3rd quarter. Dupont Capital Management Corp now owns 24,840 shares of the company’s stock worth $504,000 after acquiring an additional 9,475 shares in the last quarter. 37.87% of the stock is owned by hedge funds and other institutional investors.

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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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