Duluth (NASDAQ:DLTH) Downgraded by Zacks Investment Research to “Sell”
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 topic of several other reports. DA Davidson dropped their target price on Broadcom to $300.00 and set a buy rating on the stock in a research report on Friday, June 14th. BidaskClub cut Ollie’s Bargain Outlet from a buy rating to a hold rating in a research report on Sunday, June 16th. TheStreet raised Viacom from a c+ rating to a b- rating in a research report on Wednesday, April 24th. Robert W. Baird raised Duluth from a neutral rating to an outperform rating and set a $22.00 price objective on the stock in a research report on Tuesday, May 7th. Finally, ValuEngine cut USD Partners from a hold rating to a sell rating in a research report on Friday, June 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $24.58.
Duluth (NASDAQ:DLTH) last announced its earnings results on Thursday, June 13th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.01). The firm had revenue of $114.24 million during the quarter, compared to analysts’ expectations of $114.08 million. Duluth had a return on equity of 10.97% and a net margin of 2.82%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) earnings per share. Equities analysts forecast that Duluth will post 0.72 EPS for the current fiscal year.
In other news, COO Allen L. Dittrich sold 6,000 shares of Duluth stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $14.94, for a total transaction of $89,640.00. Following the transaction, the chief operating officer now directly owns 173,712 shares of the company’s stock, valued at approximately $2,595,257.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 40.72% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Duluth by 4,431.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock valued at $41,000 after buying an additional 1,684 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Duluth by 37.9% during the 4th quarter. Legal & General Group Plc now owns 1,801 shares of the company’s stock valued at $45,000 after buying an additional 495 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Duluth by 219.9% during the 4th quarter. Advisor Group Inc. now owns 1,817 shares of the company’s stock valued at $46,000 after buying an additional 1,249 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Duluth in the 1st quarter worth approximately $48,000. Finally, Great West Life Assurance Co. Can lifted its holdings in Duluth by 298.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,185 shares of the company’s stock worth $78,000 after purchasing an additional 2,385 shares in the last quarter. 42.06% of the stock is currently owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Duluth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duluth and related companies with MarketBeat.com's FREE daily email newsletter.