Duluth (NASDAQ:DLTH - Get Free Report) was upgraded by Singular Research to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.
DLTH has been the subject of several other reports. Robert W. Baird upgraded Duluth from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $2.00 to $7.00 in a report on Friday, September 5th. Baird R W upgraded shares of Duluth from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Duluth in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $7.00.
Read Our Latest Report on Duluth
Duluth Stock Performance
Shares of Duluth stock opened at $3.42 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average is $3.06 and its two-hundred day 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 market capitalization of $125.48 million, a PE ratio of -2.39 and a beta of 1.47.
Duluth (NASDAQ:DLTH - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.08. The firm had revenue of $131.72 million during the quarter, compared to analyst estimates of $124.03 million. Duluth had a negative net margin of 7.99% and a negative return on equity of 14.31%. Duluth has set its FY 2025 guidance at EPS. As a group, analysts expect that Duluth will post -0.56 earnings per share for the current year.
Insider Buying and Selling at Duluth
In other Duluth news, CFO Heena Agrawal bought 10,000 shares of Duluth stock in a transaction that occurred on Friday, September 26th. The stock was purchased at an average price of $3.50 per share, with a total value of $35,000.00. Following the completion of the acquisition, the chief financial officer directly owned 248,093 shares in the company, valued at approximately $868,325.50. This trade represents a 4.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.94% of the stock is owned by insiders.
Institutional Investors Weigh In On Duluth
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLTH. International Assets Investment Management LLC acquired a new position in shares of Duluth in the 2nd quarter valued at about $50,000. Yarger Wealth Strategies LLC lifted its holdings in Duluth by 124.5% in the second 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. Goldman Sachs Group Inc. boosted its position in Duluth by 50.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,615 shares of the company's stock worth $152,000 after purchasing an additional 29,521 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Duluth by 9.3% during the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company's stock worth $177,000 after purchasing an additional 8,597 shares during the period. 24.39% of the stock is owned by institutional investors and hedge funds.
Duluth Company Profile
(
Get Free Report)
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
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