Duluth (NASDAQ:DLTH) Upgraded to “Buy” by StockNews.com

Duluth (NASDAQ:DLTH) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Duluth Stock Performance

Duluth stock opened at $3.70 on Monday. Duluth has a fifty-two week low of $3.09 and a fifty-two week high of $6.02. The stock has a market cap of $117.29 million, a price-to-earnings ratio of -9.02 and a beta of 1.34. The stock’s 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $4.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 1.63.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.10. The company had revenue of $141.62 million for the quarter, compared to analysts’ expectations of $132.30 million. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. During the same period in the prior year, the firm earned ($0.06) earnings per share. As a group, analysts expect that Duluth will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duluth

Hedge funds and other institutional investors have recently bought and sold shares of the business. Heartland Advisors Inc. bought a new stake in shares of Duluth in the 1st quarter worth approximately $1,470,000. Vanguard Group Inc. increased its position in Duluth by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock valued at $4,209,000 after buying an additional 15,018 shares in the last quarter. Virtu Financial LLC purchased a new position in Duluth during the first quarter valued at $73,000. Empowered Funds LLC boosted its holdings in Duluth by 8.0% in the first quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock worth $382,000 after acquiring an additional 5,775 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Duluth by 896.4% in the first quarter. BNP Paribas Financial Markets now owns 39,985 shares of the company’s stock worth $196,000 after acquiring an additional 35,972 shares in the last quarter. Hedge funds and other institutional investors own 24.39% 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.