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 report issued on Wednesday.

Duluth Stock Up 2.7 %

Duluth stock opened at $3.77 on Wednesday. The stock has a market capitalization of $119.51 million, a price-to-earnings ratio of -9.20 and a beta of 1.34. The stock has a 50 day moving average of $3.63 and a two-hundred day moving average of $3.96. Duluth has a twelve month low of $3.09 and a twelve month high of $5.82. The company has a current ratio of 1.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27.

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

Hedge Funds Weigh In On Duluth

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Duluth by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 858,973 shares of the company’s stock worth $4,209,000 after buying an additional 15,018 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Duluth by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,190 shares of the company’s stock valued at $2,942,000 after purchasing an additional 64,281 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Duluth in the 1st quarter valued at approximately $1,470,000. Marshall Wace LLP purchased a new position in Duluth in the 2nd quarter valued at approximately $432,000. Finally, Empowered Funds LLC increased its stake in Duluth by 8.0% in the 1st quarter. Empowered Funds LLC now owns 78,029 shares of the company’s stock valued at $382,000 after purchasing an additional 5,775 shares in the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

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.