Zacks Investment Research upgraded shares of Duluth (NASDAQ:DLTH) from a sell rating to a hold rating in a research report sent to investors on Monday 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. “

A number of other analysts also recently weighed in on the stock. BidaskClub raised shares of Duluth from a sell rating to a hold rating in a research report on Monday. Robert W. Baird raised shares of Duluth from a neutral rating to an outperform rating and set a $22.00 target price on the stock in a research report on Tuesday, May 7th. TheStreet cut shares of Duluth from a b- rating to a c+ rating in a research note on Wednesday, April 24th. DA Davidson dropped their price target on shares of Duluth from $24.00 to $19.00 and set a neutral rating on the stock in a research note on Friday, April 5th. Finally, William Blair cut shares of Duluth from an outperform rating to a market perform rating and set a $18.90 price target on the stock. in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $25.38.

NASDAQ:DLTH opened at $15.07 on Monday. The stock has a market capitalization of $441.39 million, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.80 and a beta of 0.33. The company has a current ratio of 2.25, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. Duluth has a 1-year low of $14.59 and a 1-year high of $35.67.

Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, April 4th. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.11). The business had revenue of $250.54 million during the quarter, compared to analysts’ expectations of $258.16 million. Duluth had a return on equity of 15.90% and a net margin of 4.10%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, analysts forecast that Duluth will post 0.76 EPS for the current fiscal year.

In related news, COO Allen L. Dittrich sold 6,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $14.94, for a total value of $89,640.00. Following the transaction, the chief operating officer now owns 173,712 shares in the company, valued at approximately $2,595,257.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 40.72% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DLTH. William Blair Investment Management LLC bought a new position in Duluth during the 1st quarter valued at about $8,370,000. Oak Ridge Investments LLC lifted its stake in Duluth by 37.8% during the 1st quarter. Oak Ridge Investments LLC now owns 506,659 shares of the company’s stock valued at $12,079,000 after acquiring an additional 139,110 shares during the period. Wasatch Advisors Inc. lifted its stake in Duluth by 107.8% during the 1st quarter. Wasatch Advisors Inc. now owns 251,489 shares of the company’s stock valued at $5,995,000 after acquiring an additional 130,467 shares during the period. Castleark Management LLC bought a new position in Duluth during the 4th quarter valued at about $2,743,000. Finally, Canada Pension Plan Investment Board bought a new position in Duluth during the 4th quarter valued at about $1,892,000. Institutional investors own 42.22% of the company’s stock.

About Duluth

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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