ValuEngine Upgrades Duluth (DLTH) to “Buy”

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Duluth (NASDAQ:DLTH) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Duluth from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 22nd. Zacks Investment Research lowered shares of Duluth from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. TheStreet upgraded shares of Duluth from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Finally, DA Davidson raised shares of Duluth from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, January 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.75.

Shares of NASDAQ:DLTH opened at $24.52 on Tuesday. Duluth has a 52 week low of $15.95 and a 52 week high of $35.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.31 and a quick ratio of 0.29. The stock has a market capitalization of $730.38 million, a P/E ratio of 36.60, a PEG ratio of 0.96 and a beta of 0.51.

Duluth (NASDAQ:DLTH) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $104.68 million. Duluth had a net margin of 4.12% and a return on equity of 14.24%. Duluth’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. On average, sell-side analysts anticipate that Duluth will post 0.84 earnings per share for the current fiscal year.

In other Duluth news, COO Allen L. Dittrich sold 5,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $31.58, for a total transaction of $157,900.00. Following the completion of the transaction, the chief operating officer now owns 177,186 shares of the company’s stock, valued at $5,595,533.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 74.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in Duluth by 219.9% during the fourth quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock valued at $46,000 after purchasing an additional 1,249 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Duluth by 298.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock worth $78,000 after acquiring an additional 2,385 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Duluth during the 2nd quarter worth $205,000. Citigroup Inc. boosted its holdings in shares of Duluth by 237.8% during the 4th quarter. Citigroup Inc. now owns 8,482 shares of the company’s stock worth $214,000 after buying an additional 5,971 shares during the period. Finally, Rhumbline Advisers bought a new stake in Duluth in the 3rd quarter valued at $229,000. Institutional investors own 40.15% of the company’s stock.

Duluth Company Profile

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.

Further Reading: The Discount Rate – What You Need to Know

To view ValuEngine’s full report, visit ValuEngine’s official website.

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