Zacks Investment Research lowered shares of Duluth (NASDAQ:DLTH) from a hold rating to a sell rating in a research report released on Tuesday morning, Zacks.com reports.

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. TheStreet raised Viacom from a c+ rating to a b- rating in a research note on Wednesday, April 24th. William Blair downgraded Duluth from an outperform rating to a market perform rating and set a $18.90 price objective for the company. in a research note on Friday, April 5th. BidaskClub downgraded Ollie’s Bargain Outlet from a buy rating to a hold rating in a research note on Sunday, June 16th. ValuEngine downgraded USD Partners from a hold rating to a sell rating in a research note on Friday, June 14th. Finally, Robert W. Baird raised Duluth from a neutral rating to an outperform rating and set a $22.00 price objective for the company in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $24.58.

Duluth stock traded down $0.01 during mid-day trading on Tuesday, hitting $12.78. The company’s stock had a trading volume of 3,247 shares, compared to its average volume of 535,374. The stock’s 50 day moving average is $14.14. The firm has a market cap of $389.32 million, a P/E ratio of 17.87, a PEG ratio of 0.74 and a beta of 0.19. The company has a current ratio of 2.01, a quick ratio of 0.35 and a debt-to-equity ratio of 1.30. Duluth has a 52-week low of $12.49 and a 52-week high of $35.67.

Duluth (NASDAQ:DLTH) last announced its quarterly earnings data 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 business 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 firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, equities analysts forecast that Duluth will post 0.72 earnings per share for the current fiscal year.

In other news, COO Allen L. Dittrich sold 6,000 shares of the firm’s 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.72% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Duluth by 4,431.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,722 shares of the company’s stock valued at $41,000 after acquiring an additional 1,684 shares in the last quarter. Legal & General Group Plc grew its holdings in Duluth by 37.9% in 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 during the last quarter. Advisor Group Inc. grew its holdings in Duluth by 219.9% in 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 during the last quarter. Quantamental Technologies LLC acquired a new stake in Duluth in the 1st quarter valued at approximately $48,000. Finally, Great West Life Assurance Co. Can grew 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 valued at $78,000 after buying an additional 2,385 shares during the last quarter. 42.04% of the stock is owned by 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.

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