Duluth (NASDAQ:DLTH) Upgraded by Zacks Research to Strong-Buy Rating

Duluth (NASDAQ:DLTH) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Weiss Ratings raised Duluth from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Wall Street Zen raised Duluth to a “hold” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Duluth currently has an average rating of “Buy” and a consensus price target of $5.00.

Duluth Stock Up 5.3%

Duluth stock opened at $4.77 on Wednesday. The firm has a market cap of $175.35 million, a price-to-earnings ratio of -14.91 and a beta of 1.45. The stock has a fifty day simple moving average of $3.43 and a two-hundred day simple moving average of $2.82. Duluth has a 12 month low of $1.82 and a 12 month high of $4.94. The company has a current ratio of 1.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.32.

Duluth (NASDAQ:DLTH) last posted its earnings results on Monday, June 8th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.19. The business had revenue of $98.59 million during the quarter, compared to analyst estimates of $93.69 million. Duluth had a negative return on equity of 3.69% and a negative net margin of 2.00%. Equities analysts predict that Duluth will post -0.26 EPS for the current fiscal year.

Institutional Trading of Duluth

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in shares of Duluth in the third quarter worth $85,000. Quadrature Capital Ltd bought a new stake in shares of Duluth in the fourth quarter worth $52,000. Taylor & Morgan Wealth Management LLC grew its holdings in shares of Duluth by 29.2% in the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 31,000 shares of the company’s stock worth $64,000 after acquiring an additional 7,000 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Duluth in the third quarter worth $140,000. Finally, Barclays PLC lifted its position in Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock valued at $121,000 after purchasing an additional 14,136 shares in the last quarter. Institutional investors own 24.39% of the company’s stock.

Duluth Company Profile

Duluth Holdings Inc operates as a specialty retailer of workwear, outdoor apparel and accessories for men and women under the Duluth Trading Co name. The company’s product line includes work pants, durable outerwear, performance-based shirts, base layers and specialized gear such as tool belts and backpacks. Duluth Trading Co focuses on combining practical functionality with style, targeting tradespeople, outdoor enthusiasts and anyone in need of rugged, long-lasting clothing.

Since its founding in 1989, Duluth Trading Co has grown from a regional catalog business into a national retail chain.