Duluth (NASDAQ:DLTH) Raised to Buy at StockNews.com

Duluth (NASDAQ:DLTH) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Duluth Trading Down 1.6 %

NASDAQ DLTH traded down $0.06 during trading on Monday, hitting $3.76. The stock had a trading volume of 45,276 shares, compared to its average volume of 101,616. The company has a market capitalization of $119.20 million, a PE ratio of -9.17 and a beta of 1.34. The company has a quick ratio of 0.30, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $3.64 and a 200 day moving average price of $4.01. Duluth has a twelve month low of $3.09 and a twelve month high of $6.02.

Duluth (NASDAQ:DLTH) last released its earnings results on Thursday, August 29th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.10. Duluth had a negative return on equity of 5.52% and a negative net margin of 2.35%. The company had revenue of $141.62 million during the quarter, compared to the consensus estimate of $132.30 million. During the same period in the previous year, the company posted ($0.06) EPS. As a group, equities research analysts forecast that Duluth will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Duluth

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Duluth during the second quarter worth approximately $38,000. Yarger Wealth Strategies LLC purchased a new stake in shares of Duluth during the second quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Duluth during the second quarter worth approximately $72,000. Virtu Financial LLC purchased a new stake in shares of Duluth during the first quarter worth approximately $73,000. Finally, Taylor & Morgan Wealth Management LLC raised its stake in shares of Duluth by 25.0% during the second quarter. Taylor & Morgan Wealth Management LLC now owns 20,000 shares of the company’s stock worth $74,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 24.39% of the company’s stock.

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.