Duluth (NASDAQ:DLTH) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Duluth in a report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of Duluth in a report on Friday, December 8th. Stifel Nicolaus reissued a “hold” rating on shares of Duluth in a report on Wednesday, January 31st. TheStreet cut shares of Duluth from a “c” rating to a “d+” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of Duluth from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Duluth currently has a consensus rating of “Buy” and an average target price of $22.00.

Duluth (DLTH) opened at $17.91 on Tuesday. Duluth has a 12 month low of $15.13 and a 12 month high of $23.42. The company has a quick ratio of 0.27, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $581.38 and a P/E ratio of 32.56.

Duluth (NASDAQ:DLTH) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). Duluth had a net margin of 4.16% and a return on equity of 15.23%. The firm had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $84.01 million. During the same quarter in the previous year, the company posted $0.01 EPS. Duluth’s revenue for the quarter was up 24.9% on a year-over-year basis. equities analysts expect that Duluth will post 0.67 EPS for the current year.

In other Duluth news, Director William E. Ferry sold 28,400 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $18.88, for a total transaction of $536,192.00. Following the sale, the director now owns 2,032 shares of the company’s stock, valued at approximately $38,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Ferry sold 20,200 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $17.34, for a total transaction of $350,268.00. Following the sale, the director now directly owns 2,032 shares in the company, valued at approximately $35,234.88. The disclosure for this sale can be found here. Insiders have sold a total of 63,600 shares of company stock worth $1,169,360 in the last three months. Insiders own 70.38% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DLTH. Schwab Charles Investment Management Inc. increased its holdings in shares of Duluth by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,942 shares of the company’s stock worth $600,000 after purchasing an additional 171 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Duluth by 254.3% in the second quarter. Wells Fargo & Company MN now owns 48,669 shares of the company’s stock worth $886,000 after purchasing an additional 34,931 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Duluth by 5.7% in the second quarter. TIAA CREF Investment Management LLC now owns 26,115 shares of the company’s stock worth $476,000 after purchasing an additional 1,397 shares during the period. UBS Asset Management Americas Inc. bought a new position in shares of Duluth in the second quarter worth $242,000. Finally, Northern Trust Corp increased its holdings in shares of Duluth by 18.4% in the second quarter. Northern Trust Corp now owns 158,340 shares of the company’s stock worth $2,883,000 after purchasing an additional 24,663 shares during the period. 38.37% of the stock is currently owned by hedge funds and other institutional investors.

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About Duluth

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.

Analyst Recommendations for Duluth (NASDAQ:DLTH)

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