Duluth (DLTH) Raised to Buy at ValuEngine

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ValuEngine upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a buy rating in a research report released on Thursday morning.

DLTH has been the topic of several other reports. BidaskClub raised Duluth from a buy rating to a strong-buy rating in a research note on Wednesday, August 15th. Stifel Nicolaus raised their target price on Duluth from $26.00 to $29.00 and gave the stock a hold rating in a research note on Thursday, September 6th. Zacks Investment Research raised Duluth from a hold rating to a buy rating and set a $38.00 target price on the stock in a research note on Thursday, September 6th. Robert W. Baird cut Duluth from an outperform rating to a neutral rating and set a $22.00 target price on the stock. in a research note on Thursday, August 23rd. Finally, DA Davidson raised their target price on Duluth to $38.00 and gave the stock a buy rating in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Duluth currently has a consensus rating of Buy and a consensus target price of $31.75.

DLTH opened at $27.65 on Thursday. The stock has a market capitalization of $807.79 million, a PE ratio of 43.89, a P/E/G ratio of 1.32 and a beta of 0.17. The company has a current ratio of 2.31, a quick ratio of 0.33 and a debt-to-equity ratio of 0.78. Duluth has a 12 month low of $15.23 and a 12 month high of $35.67.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, December 6th. The company reported ($0.10) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $104.68 million. Duluth had a return on equity of 14.24% and a net margin of 4.12%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. On average, analysts predict that Duluth will post 0.84 earnings per share for the current year.

In other Duluth news, COO Allen L. Dittrich sold 5,000 shares of Duluth stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $31.58, for a total transaction of $157,900.00. Following the sale, the chief operating officer now directly owns 177,186 shares of the company’s stock, valued at approximately $5,595,533.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie L. Pugliese sold 2,830 shares of Duluth stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $31.18, for a total value of $88,239.40. Following the sale, the insider now directly owns 768,282 shares in the company, valued at $23,955,032.76. The disclosure for this sale can be found here. Insiders sold 31,830 shares of company stock worth $955,619 over the last three months. 74.90% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers bought a new stake in Duluth during the 3rd quarter valued at approximately $229,000. Oppenheimer & Co. Inc. bought a new stake in Duluth during the 3rd quarter valued at approximately $263,000. Jane Street Group LLC bought a new stake in Duluth during the 2nd quarter valued at approximately $205,000. BlueMountain Capital Management LLC bought a new stake in Duluth during the 3rd quarter valued at approximately $372,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Duluth during the 3rd quarter valued at approximately $565,000. 39.85% of the stock is currently owned by institutional investors and hedge funds.

About Duluth

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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