Duluth (NASDAQ:DLTH) Upgraded at StockNews.com

StockNews.com upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a buy rating in a research note published on Wednesday.

Duluth Stock Up 0.8 %

Shares of NASDAQ DLTH opened at $3.84 on Wednesday. The business has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $3.94. Duluth has a 52 week low of $3.09 and a 52 week high of $5.82. The company has a market cap of $121.61 million, a P/E ratio of -8.35 and a beta of 1.34. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

Duluth (NASDAQ:DLTH) last released its quarterly earnings data on Thursday, August 29th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.10. The company had revenue of $141.62 million during the quarter, compared to analyst estimates of $132.30 million. Duluth had a negative net margin of 2.35% and a negative return on equity of 5.52%. During the same period last year, the business earned ($0.06) earnings per share. Research analysts anticipate that Duluth will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duluth

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Duluth in the 2nd quarter valued at about $38,000. Yarger Wealth Strategies LLC bought a new position in shares of Duluth in the second quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Duluth in the second quarter valued at approximately $72,000. Virtu Financial LLC bought a new stake in Duluth during the first quarter valued at approximately $73,000. Finally, Taylor & Morgan Wealth Management LLC lifted its position in Duluth by 25.0% during the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock valued at $74,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

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.