Duluth (NASDAQ:DLTH) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Duluth (NASDAQ:DLTH) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on the company. Robert W. Baird lowered 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 research note on Friday, September 4th. Finally, Zacks Research downgraded shares of Duluth from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.00.

Duluth Price Performance

Shares of NASDAQ DLTH opened at $4.65 on Friday. The company has a fifty day moving average price of $4.11 and a 200 day moving average price of $3.60. The firm has a market cap of $176.75 million, a PE ratio of 33.21 and a beta of 1.38. The company has a current ratio of 1.88, a quick ratio of 0.30 and a debt-to-equity ratio of 0.28. Duluth has a 1-year low of $2.02 and a 1-year high of $5.09.

Duluth (NASDAQ:DLTH) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.51. The firm had revenue of $121.39 million for the quarter, compared to the consensus estimate of $119.91 million. Duluth had a negative return on equity of 3.03% and a net margin of 1.07%. Research analysts predict that Duluth will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DLTH. Empowered Funds LLC raised its stake in Duluth by 9.3% in the 1st quarter. Empowered Funds LLC now owns 101,447 shares of the company’s stock valued at $177,000 after acquiring an additional 8,597 shares during the period. AXQ Capital LP bought a new position in Duluth during the second quarter worth $47,000. Barclays PLC boosted its position in Duluth by 32.2% during the fourth quarter. Barclays PLC now owns 58,043 shares of the company’s stock worth $121,000 after purchasing an additional 14,136 shares during the period. Blair William & Co. IL increased its holdings in shares of Duluth by 17.2% in the third quarter. Blair William & Co. IL now owns 113,510 shares of the company’s stock valued at $444,000 after purchasing an additional 16,678 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Duluth in the third quarter valued at $85,000. 24.39% of the stock is currently owned by institutional investors.

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.

About Duluth

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.