Duluth (DLTH) Lowered to “Sell” at Zacks Investment Research
Zacks Investment Research cut shares of Duluth (NASDAQ:DLTH) from a hold rating to a sell rating in a research report released on Monday morning.
According to Zacks, “Duluth Holdings Inc. provides casual wear, workwear and accessories for men and women. The company markets its products under trademarks, trade names and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Buck Naked, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Company, Duluthflex, Fire Hose, Longtail T, No Polo Shirt and Wild Boar Mocs. Duluth Holdings Inc. is headquartered in Belleville, Wisconsin. “
DLTH has been the subject of several other reports. Robert W. Baird reissued a buy rating on shares of Duluth in a research report on Friday, September 8th. Raymond James Financial lowered Duluth from an outperform rating to a market perform rating in a research report on Wednesday, August 23rd. DA Davidson set a $25.00 price objective on Duluth and gave the stock a buy rating in a research report on Monday, November 27th. BidaskClub raised Duluth from a sell rating to a hold rating in a research report on Saturday, August 19th. Finally, BMO Capital Markets set a $18.00 price objective on Duluth and gave the stock a hold rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $22.43.
Duluth (NASDAQ:DLTH) opened at $16.16 on Monday. Duluth has a 12-month low of $15.70 and a 12-month high of $29.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.47 and a quick ratio of 0.27. The firm has a market capitalization of $470.21, a PE ratio of 29.93, a PEG ratio of 1.19 and a beta of 0.03.
Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). Duluth had a return on equity of 15.23% and a net margin of 4.16%. The business had revenue of $83.70 million during the quarter, compared to the consensus estimate of $84.01 million. During the same period last year, the business posted $0.01 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. research analysts predict that Duluth will post 0.68 earnings per share for the current year.
In related news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $20.10, for a total value of $570,840.00. Following the completion of the sale, the director now directly owns 2,032 shares of the company’s stock, valued at approximately $40,843.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Ferry sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $19.39, for a total value of $38,780.00. Following the completion of the sale, the director now directly owns 2,032 shares of the company’s stock, valued at $39,400.48. The disclosure for this sale can be found here. Insiders sold a total of 117,200 shares of company stock valued at $2,282,090 over the last ninety days. 70.38% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Summit Creek Advisors LLC boosted its stake in Duluth by 1.9% during the 3rd quarter. Summit Creek Advisors LLC now owns 542,557 shares of the company’s stock valued at $11,008,000 after purchasing an additional 9,905 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Duluth during the 2nd quarter valued at about $280,000. Vanguard Group Inc. boosted its stake in Duluth by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 400,130 shares of the company’s stock valued at $8,519,000 after purchasing an additional 29,935 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Duluth during the 3rd quarter valued at about $6,696,000. Finally, Franklin Resources Inc. boosted its stake in Duluth by 24.9% during the 2nd quarter. Franklin Resources Inc. now owns 796,098 shares of the company’s stock valued at $14,497,000 after purchasing an additional 158,489 shares during the last quarter. Institutional investors and hedge funds own 37.48% of the company’s stock.
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Duluth Holdings Inc is a lifestyle brand of men’s and women’s casual wear, workwear and accessories. The Company offers a line of functional products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company’s segments include direct and retail. The direct segment includes revenues from the Company’s Website and catalogs.
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