Duluth (NASDAQ:DLTH) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Duluth (NASDAQ:DLTH) has received a "Sell (D-)" rating from Weiss Ratings, indicating concerns about its stock performance.
• Notably, other analysts have been more optimistic, with several firms raising their ratings to "strong-buy" and setting a consensus target price of $7.00.
• Insider activity includes CFO Heena Agrawal purchasing 10,000 shares at an average price of $3.50, suggesting confidence in the company's future performance.

Duluth (NASDAQ:DLTH - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the company. Singular Research raised Duluth to a "strong-buy" rating in a research report on Monday. Baird R W raised Duluth from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, Robert W. Baird upgraded Duluth from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $2.00 to $7.00 in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $7.00.

Duluth Trading Down 1.9%

Shares of DLTH stock traded down $0.07 during mid-day trading on Tuesday, hitting $3.36. The company's stock had a trading volume of 12,517 shares, compared to its average volume of 434,814. The company's fifty day simple moving average is $3.06 and its 200-day simple moving average is $2.35. Duluth has a 52 week low of $1.58 and a 52 week high of $4.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.29 and a current ratio of 1.44. The company has a market cap of $123.09 million, a PE ratio of -2.35 and a beta of 1.47.

Duluth (NASDAQ:DLTH - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. Duluth had a negative return on equity of 14.31% and a negative net margin of 7.99%.The firm had revenue of $131.72 million during the quarter, compared to analyst estimates of $124.03 million. Duluth has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Duluth will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Heena Agrawal acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the purchase, the chief financial officer owned 248,093 shares in the company, valued at approximately $868,325.50. This trade represents a 4.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 42.94% of the company's stock.

Hedge Funds Weigh In On Duluth

Several institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in Duluth by 9.3% in the first quarter. Empowered Funds LLC now owns 101,447 shares of the company's stock valued at $177,000 after purchasing an additional 8,597 shares during the last quarter. Yarger Wealth Strategies LLC raised its holdings in Duluth by 124.5% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 32,419 shares of the company's stock valued at $68,000 after acquiring an additional 17,978 shares during the period. International Assets Investment Management LLC bought a new stake in Duluth during the 2nd quarter valued at $50,000. Finally, Goldman Sachs Group Inc. raised its holdings in Duluth by 50.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company's stock valued at $152,000 after acquiring an additional 29,521 shares during the period. Hedge funds and other 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.

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