Duluth (NASDAQ:DLTH) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Duluth Holdings to “Buy” from “Hold,” although the broader analyst consensus remains “Hold,” with an average price target of $5.00.
• Duluth’s latest quarterly results exceeded expectations, with earnings of $0.50 per share versus a projected $0.01 loss and revenue of $121.39 million versus estimates of $119.91 million.
• The stock opened at $4.65, near its 52-week high of $5.09, while institutional investors own 24.39% of the company; analysts nevertheless expect a full-year loss of approximately $0.35 per share.

Duluth (NASDAQ:DLTH - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. Robert W. Baird downgraded Duluth from an "outperform" rating to a "neutral" rating and set a $5.00 target price on the stock. in a research report on Friday, September 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Duluth in a report on Friday, September 4th. Finally, Zacks Research lowered Duluth from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.00.

Duluth Price Performance

Shares of Duluth stock opened at $4.65 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.88 and a quick ratio of 0.30. Duluth has a fifty-two week low of $2.02 and a fifty-two week high of $5.09. The firm has a fifty day moving average price of $4.11 and a two-hundred day moving average price of $3.60. The company has a market cap of $176.75 million, a PE ratio of 33.21 and a beta of 1.38.

Duluth (NASDAQ:DLTH - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.51. The company had revenue of $121.39 million for the quarter, compared to analyst estimates of $119.91 million. Duluth had a net margin of 1.07% and a negative return on equity of 3.03%. Analysts expect that Duluth will post -0.35 EPS for the current year.

Institutional Trading of Duluth

Several institutional investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company's stock worth $177,000 after purchasing an additional 8,597 shares in the last quarter. AXQ Capital LP bought a new position in shares of Duluth in the second quarter valued at about $47,000. Barclays PLC lifted its position in Duluth by 32.2% during the 4th quarter. Barclays PLC now owns 58,043 shares of the company's stock worth $121,000 after buying an additional 14,136 shares in the last quarter. Blair William & Co. IL grew its holdings in Duluth by 17.2% during the 3rd quarter. Blair William & Co. IL now owns 113,510 shares of the company's stock worth $444,000 after acquiring an additional 16,678 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Duluth during the 3rd quarter worth about $85,000. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Duluth

Here are the key news stories impacting Duluth this week:

• Positive Sentiment: Duluth Holdings previously reported quarterly EPS of $0.50, substantially above the $0.01 loss analysts expected, while revenue of $121.4 million also exceeded consensus estimates. The earnings surprise may continue to support investor sentiment, although the company’s full-year outlook remains modest.
• Neutral Sentiment: A supplied short-interest update reports zero shares sold short and a zero-day short-interest ratio as of September 10. Because the figures also describe this as a “significant increase” and show an undefined percentage change, the data appears inconsistent and provides no reliable short-covering or bearish signal.
• Neutral Sentiment: The remaining headlines concern events and activities in Duluth, Minnesota—including a robotics company’s new location, Gourd Days, local sports, civic commentary, and community events. They do not appear related to Duluth Holdings’ operations, financial performance, or outlook and are unlikely to materially affect DLTH.

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.

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